The price of the memecoin DOG has risen to a 5-month high

The value of the memecoin DOG, which was launched in April 2024 as part of the Runes protocol on the Bitcoin blockchain, has increased to a 5-month high. This was reported by the portal Decrypt.

This spike occurred after the listing of DOG contracts on the Kraken exchange on November 15, which marked the starting point for significant growth over the weekend and sparked speculation about further listings on major exchanges. The cryptocurrency surged by 88% in a week, reaching $0.007. This is happening at a time when dog-themed meme tokens, including Dogecoin and coins based on Solana and Ethereum blockchains, are experiencing their best times, with many trading above multi-month highs.

Earlier, we reported that the meme coin Dogecoin climbed to the top of the cryptocurrency market by capitalization – the asset reached a record price not seen since October 2021. Relevant data is available on the CoinMarketCap website.

In October of this year, the value of the meme coin increased by more than 150%.