It’s only last year that the full potential of Bitcoin was laid bare to the entire crypto community. The dawn of the Ordinals system and BRC-20 realm led to a massive revolution unlike any other ever seen in crypto. Recently, a new trend has emerged with the introduction of the dog token. Dog to the Moon is a crypto meme coin that taps into internet culture and the hope of striking it rich in crypto. Like other meme coins, it grabs attention with humor and the idea of big returns.
Since May 2023, investors have seen a rise in a new class of assets, Bitcoin-based NFTs and tokens. Today, our guide focuses on a memecoin leveraging the Bitcoin BRC-20 system, $DOG To The Moon.
The Number One Meme Coin on Bitcoin
DOG To The Moon is a meme coin. It is a community-driven joke token built on top of the Bitcoin blockchain network. DOG brings not just the funny nature associated with meme coins but the trustworthiness associated with the largest crypto network, Bitcoin. DOG made its debut in the crypto universe on April 24th through the Runes protocol and almost immediately captured the attention of investors, becoming the most widely known Runes token. Its airdrop was the most exciting facet of its launch. About 100 billion DOG tokens were apportioned to 75K people who held the Runestone Ordinal NFTs.
This system leverages a community that is already engaging with digital assets. As such, DOG achieved a market capitalization of about half a billion dollars in merely 24 hours of its launch. This surge was a clear testimony of DOG’s beautiful potential. DOG is truly a meme coin created by the community for the community. There is no centralized entity functioning in charge of the DOG networks.
By making the project completely community-focused, the network enjoys massive support, with the community being the primary promoter of these projects. As per their web page, the odyssey to the creation of the $DOG token is a product of a visionary enthusiast @LeonidasNFT. This stakeholder began the move through a massive airdrop of Runestone to about 112K early users of the Bitcoin Ordinal Protocol. As per reports, LeonidaNFT’s strategy led to the creation of the largest Bitcoin block in history. Qualifications for this airdrop included having a wallet address holding at least three inscriptions in the first 12 months of the story of Ordinals protocol. The community also means proper decentralization.
Tokenomics of $DOG Token
To enhance community backing while providing proper usability to the community, DOG introduced tokenomics that protect the smaller investors. Here are the details:
- Maximum total supply — 100 billion tokens
- Circulating supply — 100 billion tokens
- No team allocation
- 100% free and fair distribution of tokens
Unique Features of DOG Network
DOG implants a few features to promote transparency and equity in the distribution of its meme token. The blend of unique features makes DOG a rug-proof token with a proper free and fair culture.
Here is how DOG achieves proper fairness:
- No presale
- No insiders
- No team tokens
- No paid Key Opinion Leaders.
- No favours to whales
- 100% circulating supply
- 100% distributed free and fair
- No payments to centralized exchanges for listings
- No payments to market makers
DOG Token Market Performance
Since its birth merely a few weeks ago, the DOG token has shown a positive market performance, displaying higher potential. DOG was listed on Coinmarketcap in late April 2024, only a short while after its dawn. The listing price of this token was $0.004599. When writing this report, in mid-June, DOG surged in price and was trading at about $0.006393, which has been up by about 42% since its listing.
The token’s all-time low was reported on May 15th and stood at $0.00187. On the opposite side, DOG reported its all-time high of $0.00962.
While DOG is currently trading at a discount from the all-time high, this token is still up when compared to its all-time low and price at launch. At the time of writing this report, DOG had a market cap of about $637 million, making it among the top meme coins in the realm of cryptocurrency.
What is DOG Token’s Potential?
Well, many in the Dog-To-The-Moon community believe that the token will report over 10x to 50x gains in the incoming bull season. But what makes DOG a high-potential asset? Here are a few reasons:
- Dog tokens are a product of a vast and supportive investor community. The community believes in this token, hence the name Dog To The Moon.
- Dog leverages the meme coin narrative, which has been a millionaire maker in the past bull runs.
- DOG is based on the Bitcoin blockchain, making it one of the only top Ordinals-based meme crypto assets
What are the Popular Places to Buy DOG?
Of course, after hearing about the value potential of DOG and the story of success since its launch, many investors will now be looking to purchase the token. So, where and how can you buy the tokens?
Well, as one of the largest memecoins in the realm of crypto, DOG is available not just on decentralized exchange platforms but also on centralized ones. Among the popular platforms include:
- Gate.io — The available pair is DOG/USDT
- BingX — DOG/USDT pair available
- Bitmart — DOG/USDT pair available
- CoinEx — DOG/USDT pair available
- Bitget — DOG/USDT
Steps to buy Dog meme coin
1. Decide on The Exchange To Use
The very first step involves creating an account on your exchange of choice. In our illustration, we will use the Gate.io crypto exchange.
The process of creating an account will involve filling in the necessary details, including your email, and even completing the verification with your ID and proof of residence.
2. Deposit Crypto
You can deposit a crypto asset or stablecoin from another wallet to your wallet. For instance, you can transfer Bitcoin or USDT from an external wallet into Gate.io to purchase DOG.
Others may choose to purchase the asset with fiat, and that is a good option, depending on the exchange you use.
3. Exchange Your USDT for DOG
Now, you need to exchange your USDT for DOG tokens through the exchange platform. This will involve merely converting the asset or using market and limit orders.
Do not store the DOG token on the exchange wallet. Instead, immediately transfer it to a cold wallet for more security.
Final Word
This guide delved deep into the world of Bitcoin-based token Dog To The Moon. Owing to its popularity within the crypto community, the DOG token has shown massive potential over the weeks, attracting a large community.
The future already looks bright for this Bitcoin-based token, with experts and the community anticipating gains of at least 10x in the coming bull season. One big question remains: are you ready to invest? If so, research the narrative and Budget for your next big investment.
