DOGS Airdrop and Listing that You Must Know
2024-08-26
Bittime – DOGS will launch today! Listing will be provided to 42 million users and is registered on cryptocurrency exchanges in various countries, including Bittime from Indonesia. And here are various things about airdrops and DOGS listings that you must know.
Check out the full explanation about the memecoin inspired by the "Spotty" meme from Telegram founder Pavel Durov below.
DOGS Trading on Major Exchanges
The token will be available on 15 major crypto markets, including Bittime. Various exchanges even held DOGS airdrops to celebrate. At Bittime there is a DOGS airdrop event with registration no later than today.
Starting at 12:00 UTC August 26, 2024, various DOGS pairings, such as DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY are traded.
Leading up to the open, pre-market exchanges such as KuCoin, Bitget, Gate, and Aevo have seen high trading activity.
These platforms report an initial market price of around $0.002. This clearly shows strong interest from traders who are excited for the debut of this memecoin.
Read Also: Telegram CEO Arrested, Telegram Confirms It Complies with European Union Law!
Valuation and Expected Market Impact
As DOGS prepares to launch, traders speculate on its potential value. Current estimates suggest a “Fully Diluted Valuation” (FDV) of around $1B, which would set the initial price at around $0.0018 per token.
If FDV reaches $2.92 billion, the price may rise to $0.0053. On the other hand, if the FDV is lower at $500 million, the price could drop to around $0.001.
This estimate is similar to the Notcoin project, which launched in May and reached a peak value of $2.92 billion. Traders are watching DOGS closely, expecting it to perform similarly.
The Ever-Growing DOGS Trend
DOGS is part of a larger trend of significant airdrops planned for 2024.
One of them is the upcoming launch of the web3 Grass platform, which is expected at the end of September. Grass and other tokens in the Telegram ecosystem are attracting a lot of interest.
Telegram's ecosystem includes tap-to-earn apps such as Hamster Kombat, Dejen Dog, Tapswap, and Catizen. The app is gearing up to launch their token, offering a free airdrop.
Although the usefulness of these tokens is still debated, the promise of free tokens continues to attract many participants.
With the launch of DOGS, the crypto community is watching closely to see how this event will impact the market.
Key Points about DOGS Airdrop
DOGS, with its biggest Airdrop trend, has indeed attracted the attention of various groups in the crypto ecosystem. Here are some things you need to know about the DOGS airdrop.
Large Scale: The airdrop will reach a staggering 42 million users, making it the largest of its kind.
Token Distribution: Each eligible user will receive a certain number of DOGS tokens, based on their Telegram activity and engagement.
Eligibility Criteria: While the exact eligibility criteria have not been fully disclosed, it is estimated that users who have been active in the Telegram ecosystem for a certain period and have met certain engagement metrics will be eligible for the airdrop.
Dampak Airdrop DOGS
The DOGS airdrop is expected to have a significant impact on the cryptocurrency market. Here are some possible outcomes:
Increased Interest on Telegram: Airdrops can drive increased interest in the Telegram ecosystem, attracting new users and fostering a more vibrant community.
The Push for Memecoin: The success of the DOGS airdrop could further popularize memecoins, which have gained significant traction in recent years.
Market Volatility: The launch of DOGS and subsequent trading activity may introduce volatility to the cryptocurrency market.
Read Also: Bitcoin Price Has the Potential to Breakout in October 2024
Conclusion
Although the airdrop is a major event, it is important to consider the long-term potential of DOGS.
A token's success will depend on factors such as its utility, community support, and the overall health of the memecoin market.
The DOGS airdrop is a revolutionary event that has caught the attention of the cryptocurrency community. With its massive scale and potential impact, this is poised to be an important milestone in the evolution of memecoin and the Telegram ecosystem.
As we await its launch, it remains to be seen how DOGS will perform and what the long-term implications will be.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
