The post Can SUNDOG, Tron’s Top Meme Coin Hit $1 Billion Market Cap? appeared on BitcoinEthereumNews.com.

Sundog (SUNDOG), a meme coin built on the Tron blockchain, has taken the crypto market by surprise. Its market cap has risen from $2 million a few days ago to $200 million today. Fueled by large investments and vocal support from Tron’s founder Justin Sun, the meme coin popularity continues to overshadow those launched on Solana. Sun Takes the Front Row in Leading Tron Meme Coin Mania SUNDOG became a popular name among crypto meme coin traders after Justin Sun announced the launch of SunPump. Since its launch, SumPump seems to have taken a notable part of pump.fun’s market share, a similar token generator built on Solana. During the platform launch’s early stages, there were fears that the hype would fizzle out quickly. However, this has not been the case, as it appears that SUNDOG may become the first billion-dollar Tron meme coin, as the billionaire blockchain founder predicted. According to CoinGecko, SUNDOG’s price is $0.20, representing a 131% increase over the last 24 hours. Just a few days ago, this same value was $0.0020, indicating that it has skyrocketed by 100x within a very short time. Sundog 24-Hour Price Performance. Source: CoinGecko Furthermore, the meme coin’s incredible rise has drawn comparisons to dogwifhat (WIF). According to BeInCrypto’s findings, a ton of comments on X believe that the meme coin can replicate WIF’s run to a billion-dollar market cap. For that to happen, some of the liquidity that Solana meme coins enjoyed might have to move to the Tron flagship meme coin. However, some SUNDOG holders believe that it is not impossible. “The speculation that outperforming Tron would do a much better job than Avax at sucking in liquidity has aged perfectly. TRX printed another HH, and sentiment hasn’t been better this year,” pseudonymous trader ANBESSA wrote on X. Read…

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Filed under: News - @ August 20, 2024 11:26 pm