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Memecoin

DOG Expands to Solana with Zero-Fee Bridge & Liquidity Pool

by Ouess
written by Ouess

$DOG holders can now bridge between Bitcoin and Solana! Fast, low-cost trading is here. Learn how to use the bridge and liquidity pool.

$DOG Launches Two-Way Bridge to Solana

$DOG, the community-driven Bitcoin memecoin, has taken a major step forward by launching a two-way bridge to Solana. This move allows holders to seamlessly transfer $DOG between Bitcoin and Solana while benefiting from faster transactions and lower fees.

The bridge is powered by Mine Labs, a trusted team that has successfully operated a Runes bridge for months, handling millions of dollars in transactions. To encourage adoption, Mine Labs has set bridge fees to zero for the next seven days.

Why This Matters for $DOG Holders

  • Fast Transactions: Trade $DOG on Solana with 400ms speeds and fees of less than one cent.
  • Liquidity Pools: A Meteora liquidity pool is now available, seeded by early $DOG whales.
  • Decentralization: $DOG remains open-source, team-free, and community-driven with no paid promotions or exchange listing fees.

Mine Labs has also released educational videos explaining how to bridge $DOG and provide liquidity on Solana. However, liquidity farming carries risks, and only experienced DeFi users should participate.

How the $DOG Solana Bridge Works

When bridging $DOG from Bitcoin to Solana, the original tokens are locked on Bitcoin L1, and wrapped $DOG tokens are minted on Solana at a 1:1 ratio. These wrapped tokens can be burned at any time to redeem the original $DOG on Bitcoin.

Since wrapped $DOG represents real $DOG, prices will likely remain similar across both chains due to market arbitrage.

⚠ Important: Always verify the correct wrapped $DOG token address on Solana:
dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u
Any other contracts are scams, so stay alert!

Final Thoughts: Bitcoin vs. Solana for $DOG

While bridging provides new trading opportunities, Bitcoin L1 remains the safest place to store $DOG, especially using a hardware wallet. However, Solana’s efficiency gives traders more flexibility in managing their assets.

The $DOG Army is excited to welcome Solana traders and introduce them to Bitcoin-based assets. This bridge is just the beginning of $DOG’s mission to onboard millions to Bitcoin.

For any support with the $DOG Solana bridge or liquidity pool, reach out to the Mine Labs team.

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Memecoin

Dog (Runes) Could Reach $750 Million: Here’s Why

by Ouess
written by Ouess

With Bitcoin finding new support, Dog (Runes) is also experiencing a rally. A crypto expert predicts that this meme-themed token could reach a market cap of $750 million next.

The Rise of Meme Coins

Meme coins have dominated the crypto landscape for years, starting with Dogecoin and Shiba Inu. Now, new tokens like Dog (Runes) are emerging. The year 2024 is proving to be a significant year for meme coins, offering impressive gains for investors. Recently, one trader turned an initial investment of $1,300 into $12.45 million within just 15 days by investing in the newly launched Mood Deng token. This trend is not isolated; many cryptocurrencies are rising and generating profits.

Predictions for Dog (Runes)

Despite being a recent addition to the market, Dog (Runes) has gained substantial popularity among investors. Its connections to Bitcoin’s blockchain and the trend of dog-themed meme coins have fueled its growth. Experts are increasingly optimistic about its future as the bull run approaches.

Crypto expert MadPunk recently shared on X that he believes Dog (Runes) will experience a significant increase. He predicts that the next big price surge could push its market cap from the current $398.97 million to $750 million. He noted that Bitcoin meme tokens are gaining traction as the previous leaders, TRON and Solana, see their influence wane.

Current Performance and Market Trends

As Bitcoin maintains support above $60,000—currently trading at $63,365—other Bitcoin-based tokens are also surging. This bullish sentiment has caused Dog (Runes) to trend on social media, with 26.5k posts under the #DOG hashtag.

DOG has been on a bullish run lately, increasing by 56% over the last few days and 91% over the past two weeks. Currently, it trades at $0.003961 with a market cap of $398.97 million and a trading volume of $6.93 million. However, it has dropped over 7% today, causing some concern among holders.

Analyzing Market Signals

Technical indicators, including the Commodity Channel Index (CCI) and momentum indicators, suggest that the token is overbought, leading to a period of consolidation. Despite this, demand remains strong. If Dog (Runes) can break through the first resistance level of $0.003848 towards the second resistance at $0.005002, the uptrend could continue.

Historically, Dog (Runes) has reached impressive peaks, achieving an all-time high (ATH) of $0.009774 and a market cap of $962.17 million about four months ago. This history increases the likelihood of reaching the $750 million mark, although it may take time.

Final Thoughts

Despite today’s dip, investors remain optimistic about Dog (Runes) due to its strong performance over the past two weeks, which has added 91% to its value. While the recent decline is concerning, crypto expert MadPunk believes the market cap could hit $750 million if the next price surge materializes. With just one day left in Uptober, excitement is building around this and other cryptocurrencies.

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Memecoin

Unveiling DOG•GO•TO•THE•MOON: The Rising Star of MemeCoins in the Runes Universe

by Ouess
written by Ouess

Bitcoin’s recent halving event, occurring on April 19, 2024, marked a significant milestone for its blockchain with the introduction of the Runes protocol.

This protocol facilitates the efficient creation and management of fungible cryptocurrencies on the Bitcoin network, leading to the emergence of numerous tokens, particularly meme coins, in the initial days of its implementation. Despite the youth of the Runes token ecosystem, competition within it is intense.

One standout token in this nascent landscape is DOG•GO•TO•THE•MOON, a meme coin leveraging the Runes protocol. Within just seven days of its launch, DOG has achieved an impressive market capitalization of $368 million (as of April 29, 2024), positioning itself among the top performers in this category. While this figure may pale in comparison to established meme coin giants like Dogecoin (DOGE) and Shiba Inu (SHIB), which boast market caps of nearly $21 billion and $14 billion, respectively, it’s essential to recognize DOG’s early-stage presence and its potential for exponential growth.

DOG•GO•TO•THE•MOON, abbreviated as DOG, operates as a fungible crypto asset under the Runes protocol, joining the ranks of thousands of other Runes-based tokens introduced during the Bitcoin halving event. Despite its relatively recent introduction, DOG has quickly emerged as the leading Runes cryptocurrency by market capitalization and trading volume.

The DOG token was launched by Runestone, a prominent project dedicated to Runes technology and Ordinal Inscriptions. Its ascent to prominence began with a significant airdrop on April 24, 2024, wherein 100 billion DOG tokens were distributed to holders of Runestone’s Ordinals inscriptions collection. This strategic move propelled DOG to become the most widely held Runes token on Bitcoin, firmly establishing its dominance in the category.

Powered by the Runestone project, which boasts a substantial following and extensive owner base, DOG’s meteoric rise underscores the symbiotic relationship between the token and its associated collection. As of late April 2024, DOG continues to lead the Runes rankings, sparking discussions among enthusiasts and analysts about its potential to rival established meme coins like DOGE and SHIB in the future.

While DOG’s current market capitalization may seem modest compared to its counterparts, its rapid ascent within a brief period suggests the possibility of significant growth ahead. With its impressive early performance, DOG remains an intriguing crypto asset worth monitoring in the dynamic meme coin space.

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