Bitcoin Ordinals developers are pushing for a Binance listing of DOG GO TO THE MOON (DOG), a meme coin created via the Ordinals protocol. However, the developers included some interesting caveats in their request.
This special request has caught the attention of the market along with the support of the DOG community, especially with the price of DOG rising by 62% in the last 7 days. Here is everything you need to know.
“Binance to the moon!”
Leonidas, a Bitcoin Ordinals supporter and host of 'The Ordinal Show', posted on X asking Binance to list DOG-GO-TO-THE-MOON. He mentioned in the post that the token is the best meme coin on the Bitcoin network.
The coin was developed byOrdinals and the Loon Protocol , which powers the issuance of fungible tokens on Bitcoin. However, Leonidas’ request was interesting and contained “sage advice” for Binance.
“If you want to list DOG, the #1 meme coin on Bitcoin, we are more than happy to do so. However, we will not pay a listing fee or provide a market maker. If we decide not to list DOG, we will not be able to explain to our users why we are listing the #1 meme coin on the world’s largest blockchain that has only gone up this month, instead of a corporate testnet meme coin that has only gone down this month,” Leonidas wrote on X.
The current price of DOG is $0.0040. This represents a 5% decrease in the last 24 hours, but a 62% increase since last week. This has led to a weighted sentiment increase for the Bitcoin-based meme coin .
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The sentiment rally indicates an increase in positive comments about the cryptocurrency online. If sustained, this could boost demand and the price of the meme coin. In relation to this Binance listing request, BeInCrypto found that another user X said that DOG’s market cap will soon be well over $400 million.
“The next big DOG candle could send DOG•GO•TO•THE•MOON to a $750 million market cap,” said anonymous user MadPunk.
DOG Price Prediction: 84% Upside Possible
According to the daily chart evaluation, DOG traded within a descending triangle between the first week of July and September 20. This range-bound movement prevented the price of DOG from reaching $0.0098.
However, at the time of writing, the meme coin has broken above the triangle, a breakout that was instrumental in sending DOG to $0.0042 over the weekend.
However, at the time of writing this article, the price has fallen to $0.0040. The Fibonacci retracement indicator suggests that the price of the token could fall to $0.0037, but the bulls are unlikely to prevent the value from falling below that.
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If this happens, especially if the Binance listing goes through, the price of DOG could soar to $0.0067. However, if the exchange ignores this request, the value of the meme coin could plummet to $0.0018.
