Reasons for the Sharp Increase in $SUNDOG Price

The Dog on the TRON platform

The world of meme coins has introduced a new contender: If more than half fills one’s day with sun dog then it would be right to call it $SUNDOG. Introducing itself as the ‘biggest dog meme on TRON’ $SUNDOG provides the listener with a laugh as well as a serious mission statement: ‘Every chain needs its dog; every dog has its day. ’ And indeed, in the TRON community $SUNDOG is known as that meme that has a serious token, and whose prices are rising rapidly. But what is behind this increase? Let me explain the primary reasons that lead to the $SUNDOG’s price surge.

Introduction to $SUNDOG

$SUNDOG is promoted as the mascot and the image coin of the TRON blockchain. Having a very active and exciting community, it plans to be as unserious as memecoins but work on becoming more sizable. Claiming to be only “the dog on the TRON that is going to Sun,” $SUNDOG also claims to bring sunshine and fun to holders while aiming high and posting good results in the crypto market.

Justification for the Increase in Price in the $SUNDOG

New Spot Listing on Ourbit Exchange

To the casual observer, one of the key drivers contributing to $SUNDOG price increase is the latest addition of the ourbit exchange on the platform. The trading for the $SUNDOG/USDT has commenced thereby enabling more investors to invest on the coin. Now the deposits are open, and the information is shared on Ourbit’s official pages, this new addition has raised awareness and activity in $SUNDOG.

This project is supported by Justin Sun and the TRON Community.

The official endorsement by TRON founder Justin Sun has only added towards continues excitement around $SUNDOG. It is also the first of its kind as a dog coin on TRON which has elicited support from the community and personalities in the niche. As $SUNDOG has already touched $100 million in MC, and $50 million in turnover within the first day, it is clear that people are putting their faith on it. Furthermore, there has been an increase in the usage of hashtags on site such as $SUNDOG in social sites like the CoinGecko.

Market Strength and Market Trend identification

There is certainly a buy-the-dip motif propelling $SUNDOG on the market. It has been part of the top trending tokens every week on CoinGecko together with bearing such names as AIT Protocol and Toncoin. This not only attracts new investors, but also intensifies a kind of FOMO effect, which also encourages people to try.

Effect of Justin Sun’s Advertisement on Social Media

It worth noting, that beyond community support, Justin Sun can influence the situation as well. The tweets and the constant encouragement of $SUNDOG have been instrumental in creating some reactions that affect the coin. Another reason for the success of $SUNDOG is that as one of the leading figure in the crypto space and a holder of a large amount of TRX, Justin Sun has the ability to market and promote the currency.

Expectations of Major Exchange Listings

In future, there are expectations that $SUNDOG will be available for trading on platforms such as the HTX Global exchange. The fact such listings are possible generates interest in pursuit of such listings which in turn causes an increase in demand for the coin as investors seek to enter for probable appreciation.

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