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DOG•GO•TO•THE•MOON nears $0.01 and a $1 billion market cap, while Sealana raises $3 million in its presale, gaining traction as the next potential memecoin explosion.
DOG•GO•TO•THE•MOON is the latest memecoin to cause a stir as it edges toward $0.01 and a $1 billion market cap.
Meanwhile, the newly launched SOL memecoin Sealana is also gaining pace, having raised over $3 million in its presale. Will this be the next memecoin to explode?
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DOG creates new ATH as community gets vocal
Despite being just one month old, DOG•GO•TO•THE•MOON is amassing spectacular price gains and social media engagement. Its community’s support is reflected in the project’s market cap, reaching over $950 million less than six weeks after launching.
Currently, DOG is trading at $0.009446, up 26% today, 127% this week, and 207% this month. It holds a $87 million 24-hour trading volume, up 145% today. This performance makes DOG the second-best performing top 100 cryptocurrency this week.
DOG•GO•TO•THE•MOON is built on the Bitcoin Runes protocol, which the founders of Bitcoin Ordinals created. Runes was launched to enable the seamless creation and management of fungible tokens in the Bitcoin ecosystem.
Currently, DOG is the largest memecoin on the network, and its founder, Leonidas, recently explained its underlying purpose on X. DOG•GO•TO•THE•MOON will appeal to the masses with the narrative of a dog-themed memecoin on Bitcoin.
The craziest part is that $DOG was not designed for the crypto-natives buying it right nowIt was designed to appeal to the massesThe narrative that they will hear is that "Bitcoin now has a dog coin"Everyone loves cute puppies and has heard of Bitcoin pic.twitter.com/Bwkewve6w7
— Leonidas (@LeonidasNFT) June 4, 2024
In addition to its strong price action, the support for DOG’s narrative can be felt on social media. Numerous commentators have highlighted that DOG has one of the strongest communities on X.
MEMECOIN value is mostly dependant on -Community engagement-Community support-Community size$DOG has by far the strongest Community in the #Bitcoin ecosystemIn hindsight this will seem as the most obvious play pic.twitter.com/JzTUWNKcCK
— ion | InventOnBTC (@InventOnBTC) May 3, 2024
And as its momentum ramps up, leading industry analysts have joined the movement. Dan Gambardello recently highlighted that DOG•GO•TO•THE•MOON could explode because it is within the Bitcoin ecosystem, and BTC holds an eye-watering $1.3 trillion market cap.
The analyst also speculates that DOG could be the memecoin to flip Dogecoin. “It just makes so much sense. The difference between DOG and other memecoins is the liquidity,” he said.
$DOG Enters TOP 100 Crypto! (This MEMECOIN Will Be MASSIVE)Intro 00:00My portfolio 00:25DOG could flip DOGE 1:30DOG selling points 2:10Approaching $1b and broke top 100 3:15DOGE vs. DOG 3:35The DOG brand is brilliant 5:55DOG will be top performer 6:15This makes so much… pic.twitter.com/0fBL51NtW4
— Dan Gambardello (@cryptorecruitr) June 4, 2024
But while DOG is leading the frontier of Bitcoin’s memecoin activity, a new contender is emerging on the Solana network. The project is called Sealana, and it has recently surpassed the $3 million total raised mark at presale.
Can Sealana surge after raising $3m?
It is no secret that Solana has led the way for memetic excitement this year. From heavy hitters like Dogwifhat and Bonk to new prospects like GameStop and catwifhat, which have soared this week, there has been non-stop opportunity for network participants.
However, Sealana is entering the race at full steam with its presale raising over $3 million. This eclipses the total raise of Solana presale sensation Book of Meme, which raised $2 million and then became the fastest cryptocurrency to a $1 billion market cap just two days after its exchange launch.
As such, expectations are high for SEAL. But scratching beneath the surface, Sealana’s accelerating momentum is no surprise. The project is brimmed with edgy memes, references to Donald Trump, and South Park-esque social media antics.
Furthermore, the Sealana website features a hilarious backstory about a seal who lives in his mom’s basement, trading meme coins with hopes of buying a Lambo.
Indeed, from its unapologetic social media escapades to its witty origin story, Sealana encapsulates the essence of degen memecoin culture.
In a recent video, well-known commentator Austin Hilton speculated it could 10x “or even higher.”
The Sealana team has not announced a presale hard cap. This means the campaign could end anytime.
To learn more, visit the Sealana presale.
Read more: Bonk among top meme coin gainers as traders anticipate Sealana’s surge
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