DOG on the Rise! The New Wave of Memecoins is Here; Stay Alert

While many memecoins are down today, DOG•GO•TO•THE•MOON (DOG) is on the rise. According to CoinGecko, DOG has surged over 7% in the last 24 hours and is currently priced at $0.0079.

What is DOG•GO•TO•THE•MOON (DOG)?

$DOG, or DOG•GO•TO•THE•MOON, is a meme cryptocurrency on the Bitcoin blockchain using the Runes protocol. It aims to be a community-driven coin with the mission of “reaching the moon.” Launched during the Bitcoin halving in April 2024, all tokens were distributed for free to Runestone holders, creating a strong user base.

DOG Rises While BRETT Falls

As DOG rises, other memecoins are falling. BRETT, inspired by Matt Furie's "Boy’s Club" comic, dropped over 12% and is now at $0.14. Despite this drop, BRETT recently became the first meme coin to reach a $1 billion market cap on Coinbase's Base layer-2 blockchain.

MEME Coin Also Declines

Another memecoin, MEME, saw nearly a 10% drop in the past 24 hours and is now priced at $0.021. MEME describes itself as “100% meme” with no promises of financial returns and is the native token of 9GAG’s Memeland.

New Memecoins in Pre-Sale

Investors are also eyeing new memecoins in pre-sale for potential profits. PlayDoge, inspired by the 1990s game Tamagotchi, has raised over $4.2 million. In PlayDoge, users care for a virtual pet and can earn additional tokens as rewards.

Another pre-sale memecoin, WienerAI, has raised over $5.6 million. WienerAI uses AI for trading operations and aims to be a personal crypto trading assistant, utilizing social AI to improve trading efficiency.

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