A Bitcoin Ordinals developer is seeking a Binance listing for DOG•GO•TO•THE•MOON (DOG), a meme coin built via the Ordinals protocol. However, the developer in question has included some interesting warnings for the exchange in the request.

This particular call, alongside DOG community support, has captured the attention of the market, especially as DOG’s price has increased by 62% in the last seven days. Here’s all you need to know.

Binance Should Go to the Moon with the Coin, Developer Says

Leonidas, a Bitcoin Ordinals advocate and host of The Ordinal Show posted on X asking Binance to List DOG-GO-TO-THE-MOON. In the post, Leonidas noted that the token is the top meme coin on the Bitcoin network.

It was developed through the Ordinals and Runes protocol, which enhances the minting of fungible tokens on Bitcoin. However, Leonidas’ request was interesting and laced with “wise counselling” for Binance.

“If you would like to list DOG, the #1 meme coin on Bitcoin, we would very much be in favor of this however, we will not pay your listing fee or provide market makers. Should you choose not to list DOG, we will not be able to help you explain to your users why you chose to list corporate testnet meme coins that have been down only this month instead of listing the top meme coin on the largest blockchain in the world, which has been up only this month,” Leonidas wrote on X.

Currently, DOG’s price is $0.0040. While this is a 5% decrease in the last 24 hours, it represents a 62% hike since the past week. Following this development, the Weighted Sentiment around the Bitcoin-based meme coins jumped.

Read more: Top 5 BRC-20 Platforms To Trade Ordinals in 2024

The rise in sentiment indicates an increase in positive comments about the cryptocurrency online. If sustained, this could lead to higher demand and price for the meme coin. Regarding this Binance Listing call, BeInCrypto found another X user saying DOG’s market would be much higher than $400 million soon.

“The next big DOG candle could send DOG•GO•TO•THE•MOON to a $750 million market cap,” pseudonymous user MadPunk said.

DOG Price Prediction: 84% Rally Possible

An assessment of the daily chart shows that DOG traded within a descending triangle between the first week of July and September 20. This range-bound movement ensured that DOG’s price could not hit anywhere near $0.0098.

However, as of this writing, the meme coin has broken above the triangle. This breakout was instrumental in sending DOG to $0.0042 over the weekend. 

But as of this writing, the price has declined to $0.0040. While the Fibonacci retracements indicator suggests that the token’s price might drop to $0.0037, bulls might prevent it from going below that value.

Read more: Bitcoin NFTs: Everything You Need To Know About Ordinals

If this happens, DOG’s price could jump and rally toward $0.0067, especially if the Binance listing goes through. But if the exchange fails to heed the call, the meme coin value could plunge to $0.0018.

Even though Ethereum’s (ETH) price has not produced the gains that holders would hope for, recent data shows that investors holding the altcoin have remained resilient and optimistic. This could be surprising, especially as the Ethereum Foundation, which has been at the helm of selling ETH, has liquidated some assets again.

While the sale initially sparked valid concerns, this analysis explains why holders are unfazed by the development.

Another Sale Leaves Ethereum Holders Unfazed

Earlier today, the Ethereum Foundation sold 100 ETH for $262,474. This sell-off is just a little part of the coins the foundation has let go over the last few months. According to Spot On Chain, the total number of ETH sold this year has reached 3,766.

With an average price of $2,777, 1,250 ETH were sold in September, valued at $3.06 million. In total, the foundation sold 3,766 ETH in 2024, with the total value reaching $10.46 million. 

This consistent selling trend could indicate strategic profit-taking or cover operational costs, but it may also impact Ethereum’s market supply and price moving forward.

However, according to the Net Unrealized Profit/Loss (NUPL), ETH holders appear optimistic about the coin’s potential. Based on Glassnode’s data, NUPL is the sentiment investors have about a cryptocurrency. 

This perception ranges from capitulation (red), hope (orange), optimism (yellow), belief (green), and euphoria (blue). As seen below, ETH holders are in the optimistic region, indicating confidence in a higher price for the cryptocurrency.

Read more: How to Buy Ethereum (ETH) and Everything You Need to Know

Beyond that, the Historical In/Out of Money shows that the ratio of holders in profit has risen from 60% on September 16 to 64.37% today. The HIOM, as it is commonly called, shows the level of unrealized gains or losses in the market.

If the level of unrealized losses increases, it derails investors’ confidence. However, since unrealized profits have risen recently, more investors might be encouraged to buy ETH, and this could drive the price higher. 

ETH Price Prediction: Ready to Break $3,000

A look at Ethereum’s weekly chart revealed that the Commodity Channel Index (CCI) had increased. The CCI is a technical indicator that measures the difference between the current price and the historical average value. 

When it increases, the asset’s price has a good chance of moving upward. A decrease in the CCI, on the other hand, indicates weakness. With the altcoins price at $2,632, a further rise in the CCI could bring about ETH’s run toward $3,255.

Read more: 9 Best Places To Stake Ethereum in 2024

However, if the indicator fails to rise above the signal line at the midpoint, Ethereum could drop.  In that scenario, the coin’s value might decline to $2,301.

My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.