Dogs Coin Price Analysis After Listing on Binance
2024-08-28
Bittime - After the token launch and listing on several leading exchanges, the DOGS meme coin continues to be in the spotlight in the crypto world.
With high volatility and promising growth potential, DOGS has succeeded in attracting the attention of investors.
DOGS Coin Listing on Binance
Most recently, the announcement of a new trading pair on Binance provided a breath of fresh air for the DOGS price, which is expected to experience a significant increase.
Binance Expands DOGS Reach
On August 28, 2024, Binance, one of the largest crypto exchanges in the world, officially launched a new trading pair involving DOGS.
The addition of these trading pairs, such as DOGS/BRL and DOGS/USDC, is expected to increase market liquidity and expand DOGS' reach to various regions in the world.
Read Also: Dogs Coin Price Prediction, Can it Reach $0.10 in 2024?
What About DOGS Accessibility?
With the increasing number of trading pairs available, DOGS accessibility becomes increasingly easier.
This will certainly attract new investors to enter the DOGS market, thus potentially pushing prices up.
Read Also: Not Yet Drop Confirms There is a Delay in the Distribution of $DOGS Drop
Dogs Coin Price Analysis After Listing on Binance
According to data from Coingape, technical analysis shows the potential for a significant increase in DOGS prices in the near future.
After experiencing a price correction after the token launch, DOGS managed to recover and stabilize around the $0.0012 level.
DOGS Positive Sentiment on Binance
Given the positive sentiment from the announcement of the new trading pair on Binance, DOGS price is expected to break the nearest resistance at $0.0031, representing an increase of 153%.
Technical indicators such as the Relative Strength Index (RSI) also support this price increase prediction.
The RSI is currently in the oversold region, which indicates that the DOGS price has been oversold and has the potential to rebound.
Factors Affecting DOGS Prices
Apart from technical factors, several other factors can also influence DOGS price movements in the future, including:
Market Sentiment
Market sentiment towards meme coins and crypto projects in general will greatly influence DOGS price movements.
Marketing and Project Development
The DOGS development team needs to continue to be active in marketing and developing the project to maintain investor interest.
Competition
The emergence of new meme coins could pose a threat to DOGS and potentially reduce investor interest.
Conclusion
With the new trading pair on Binance, the DOGS price outlook looks quite bright.
However, investors still need to be careful because the crypto market is known to be very volatile. Before making an investment decision, it is best to conduct in-depth research and consider the risks involved.
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.
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