Dogecoin ($DOGE) has flipped Avalanche to return into the top list of the world’s largest cryptocurrencies by market cap.
As DOGE surged into 10th spot amid Bitcoin’s rally above $60k and meme coin volatility, Bitcoin Dogs ($0DOG) continued its stellar performance across the ICO market.
Dogecoin: The OG meme eyes comeback
Dogecoin is still the largest meme coin in the world despite the astounding performances that characterized the breakout season for Solana-based memes in 2023. Bonk, dogWifhat and others could only come close to Shiba Inu in terms of market cap.
But even then, SHIB remains the second largest with a market cap of $6.6 billion – 19th on CoinGecko. Dogecoin on the other hand has a market cap of $16.1 billion, ranking 10th ahead of Avalanche, which it just flipped as the price of $DOGE surged double-digits on Wednesday.
According to data from CoinGecko, Avalanche’s market cap currently stands at $14.4 billion. AVAX price is down 2% in the past 24 hours to $38.49.
$DOGE, meanwhile, has reached highs of $0.12, the highest level since November 2022. The meme coin is currently trading 33% up over the past week.
As risk-on appetite rises amid Bitcoin’s surge, investors keen to load up on $DOGE could push the meme coin towards $0.2. If sentiment and risk appetite holds, a run to the previous bull market peak above $0.73 will be on.
Bitcoin Dogs sets crypto stage with pioneer ICO on Bitcoin
Bitcoin Dogs is emerging as the top target for crypto investors looking to diversify with a token in the Bitcoin ecosystem. This is the burgeoning BRC-20 and Bitcoin Layer-2 ecosystem.
Although still taking shape, market analysts say this ecosystem could soon be the biggest in the industry, encompassing more than $500 billion in market cap as it counts some of the top DeFi, NFTs and games within the Bitcoin network.
As part of the new projects bringing this new era to Bitcoin, the Bitcoin Dogs project could tap into catalysts for $BTC to grow. After launching as the first-ever ICO on the Bitcoin blockchain, Bitcoin Dogs has quickly raised more than $5.4 million.
Bitcoin Dogs presale ends in two weeks
The native Bitcoin Dogs token, $ODOG, is currently available at the discounted price of $0.0251. There are 810 million tokens minted and allocated to the ICO, with this accounting for 90% of the 900 $0DOG. The remaining 10% is set for exchange liquidity, platform development and marketing – shared in the ratio of 5%, 2% and 3% respectively.
To participate in the presale, one requires a BRC-20 wallet. However, the purchase of tokens is available via ERC-20 tokens. When the presale ends, participants will receive the airdropped tokens as BRC-20 in their wallets.
With cryptocurrencies rising amid bull market sentiment, the potential for Bitcoin to hit a new ATH in 2024 could be a big catalyst for Bitcoin Dogs. The $0DOG presale ends in 15 days.
