Justin Sun’s latest project, SUNDOG, has made a significant impact on the Tron (TRX) network, quickly becoming one of the most talked-about tokens in the crypto community.
The explosive growth of SUNDOG has captured the attention of investors and analysts alike, as it showcases the potential for rapid gains within the Tron (TRX) ecosystem.
With SUNDOG’s success, many are wondering if DTX could be the next token to experience a similar surge. In this article, we will discuss why DTX might just be the next big thing in the crypto space.
Sun takes the front row in leading Tron meme coin mania
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.
SUNDOG became a popular name among crypto meme coin traders after Justin Sun announced the launch of SunPump. Since its launch, SunPump 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.
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.
SUNDOG’s rise on Tron (TRX) could shift liquidity from Solana
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 (TRX) would do a much better job than Avax at sucking in liquidity has aged perfectly. “Tron (TRX) printed another HH, and sentiment hasn’t been better this year,” pseudonymous trader ANBESSA wrote on X.
Meanwhile, Sundog’s impressive performance has fueled a surge in the number of tokens launched on SunPump. On August 18, there were fewer than 6,000 meme coins on Tron. According to Dune Analytics, that number has since jumped to 13,815.
If the increase continues, more liquidity might flow from Solana’s pump.fun to SunPump. This could, in turn, trigger a rise in demand for Tron (TRX) and SUNDOG.
DTX set to follow SUNDOG’s impact with explosive presale growth
As SUNDOG has made a significant impact on the Tron network, analysts believe that DTX is the next coin to make a big impact just like it.
DTX is becoming one of the hottest presales in 2024. Those who bought this coin early on are now enjoying a 100% return – a percentage that will keep rising as the presale advances. Well-known YouTubers like Crypto Legends say that DTX Exchange could soar soon as it makes online trading simple.
What gives DTX Exchange an advantage over other exchanges is its hybrid trading model. With this model, countless people can buy around 120K asset classes like bonds, CFDs and cryptos. Plus, anyone can remain anonymous since DTX Exchange does not need any sign-up KYC checks.
Holding its native utility token, DTX will also bring you many perks like lower trading fees and voting rights for governance problems. DTX costs $0.04 in Stage 2 of its presale – a 100% rise from its starting price of $0.02.
Learn more:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
