DOG memecoin has surged 2x this month, which has sparked significant investor attention. DOG operates on the Bitcoin blockchain and has witnessed notable growth, but analysts remain cautious about its capacity to surpass Dogecoin’s established market cap.
Currently, DOG’s market capitalization stands at 511.76 million USD, ranking it116th in the market. For DOG to overtake Dogecoin, it would need a staggering increase of 6,276%, an unlikely scenario according to market experts.
If DOG maintains a price above 0.004950 USD, it could aim for a target of 0.007625 USD in the near future. However, any increase in selling could push its value down towards a lower support zone of 0.003710 USD.
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