• The Bitcoin ecosystem has trailed Solana in memecoin traction. 
• Can Bitcoin Dogs [ODOG] benefit from the ongoing meme mania? 

Since the U.S. elections, memecoin traction and market size doubled from $60 billion to nearly $120 billion.

Solana [SOL] has maintained the lead in memecoin narrative, with top 100X animal-themed gems like dogwifhat [WIF], Bonk [BONK], and the latest Chill Guy [CHILLGUY]. 

Solana commands about $21 billion of the memecoin market share, while Bitcoin memecoins recently clocked $1.5 billion.

Can Bitcoin [BTC] memecoins like ODOG follow the WIF and BONK trend with a 100X rally, too? 

According to CoinMarketCap, the only Bitcoin-based token that saw a recent wild upswing was PUPS Ordinals [PUPS]. As of this writing, it had risen nearly 700% in the past 24 hours. 

Given the remarkable performance of animal-themed meme coins, especially dog-like meme coins, Bitcoin Dogs [ODOG] could benefit from the traction. 

Besides leveraging the digital pet culture, the project also has a Web3 gaming platform to onboard new users, similar to Notcoin’s strategy. 

However, on the price front, ODOG’s current market size was about $3 million per CoinMarketCap.

This meant that ODOG had limited liquidity yet was grossly underpriced should the price surge 100X from current levels.

On the price chart, Bitcoin Dogs’ price action since September chalked a falling wedge pattern.

In most cases, the pattern is a bullish formation, with a breakout potential of 350% gains for ODOG. In a breakout scenario, such a potential gain could raise hopes of a potential 100X for the Bitcoin-based meme-coin. 

However, given the strong Solana meme coin moat, such a projection in the Bitcoin ecosystem remains to be seen.

Additionally, a spike in Bitcoin Ordinal Inscriptions may signal a renewed interest in the meme coin sector and chances of a likely 100X gem in the ecosystem.