A Bitcoin Ordinals developer is seeking a Binance listing for DOG•GO•TO•THE•MOON (DOG), a memecoin built on the Ordinals protocol. However, he included some interesting caveats for the exchange in his application.

Thus, this specific request, along with the support of the DOG community, has captured the attention of the market, especially since the price of DOG has increased by 62% in the last seven days. Here’s everything you need to know.

Binance Should Go to the Moon with Coin, Says Developer

Leonidas, a Bitcoin Ordinals advocate and host of The Ordinal Show, posted on X a request to Binance to list DOG-GO-TO-THE-MOON. In the post, Leonidas noted that the token is the leading memecoin on the Bitcoin network.

DOG was developed using the Ordinals and Runes protocol, which enhances the minting of fungible tokens on Bitcoin. However, Leonidas’ request was interesting and full of “sage advice” for Binance.

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“If you would like to list DOG, the#1meme coin on Bitcoin, we would be very supportive, however, we will not pay your listing fee or provide market makers. If you choose not to list DOG, we will not be able to help you explain to your users why you chose to list corporate testnet memecoins that only went down this month instead of listing the leading meme coin on the world’s largest blockchain that only went up this month,” Leonidas wrote on X.

DOG is currently priced at $0.0040. While this represents a 5% drop in the last 24 hours, it represents a 62% increase since last week. Following the order, Weighted Sentiment around the Bitcoin-based memecoin has increased.

Weighted Sentiment of DOG•GO•TO•THE•MOON. Source: Santiment

In short, the increase in sentiment indicates a rise in positive comments about the cryptocurrency online. If sustained, this could lead to higher demand and price for the meme coin. Regarding this call for a Binance listing, BeInCrypto found another user X saying that the DOG market would be much larger than $400 million soon.

“The next big DOG candle could send DOG•GO•TO•THE•MOON to a $750 million market cap,” said user MadPunk.

DOG Forecast: 84% Rally Possible

An examination of the daily chart shows that DOG traded inside a descending triangle between the first week of July and September 20. This range-bound movement ensured that the price of DOG did not reach anything close to $0.0098.

However, at the time of writing, the memecoin has broken above the triangle. This breakout was instrumental in sending DOG to $0.0042 over the weekend.

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However, the price soon fell to $0.0040. Although the Fibonacci retracement indicator suggests that the token’s price could drop to $0.0037, the bulls may prevent it from falling below that level.

If that happens, the price of DOG could jump and head towards $0.0067, especially if the Binance listing goes through. However, if the exchange fails to heed the call, the meme coin’s value could plummet to $0.0018.

DOG•GO•TO•THE•MOON Daily Price Analysis. Source: TradingView

The article Bitcoin Memecoin Jumps 62%, Drives Calls for Binance Listing appeared first on BeInCrypto Brasil.