$DOGS Price Soars 25%, Is This Dog Meme Coin About to Explode?

Bittime - The meme coin market was shocked again with the launch of $DOGS, the newest meme coin from the TON network that has caught the attention of many investors. 

In the first few hours of trading, the price of $DOGS jumped more than 25%, making it one of the most popular meme coins today. Will this dog meme coin continue to explode? Let's explore it more deeply.

What is $DOGS? 

$DOGS is a meme coin that has just launched on the TON network after months of promotion. This coin managed to attract the attention of millions of Telegram users thanks to the massive airdrop it carried out. 

$DOGS is not only listed on various leading exchanges such as Binance and ByBit, but also made it to the list of top 10 meme coins by market capitalization.

Read also: What is Dogs House (DOGS)?

$DOGS Price Surge 

At launch, $DOGS was trading at an initial price of around $0.002. 

However, a surge in trading volume of more than $7 billion caused a significant price increase, even though it experienced a decline due to profit-taking by airdrop recipients. 

In the last 24 hours, the price of $DOGS skyrocketed another 25% to $0.00163, with trading volume reaching $1.5 billion.

What's Causing This Surge? 

The $DOGS price spike was triggered by the arrest of Telegram founder Pavel Durov, which strengthened the spirit of the $DOGS community. 

Apart from that, the airdrop which reached more than 42 million Telegram users also increased the popularity of this coin. With a market capitalization of over $810 million, $DOGS currently occupies eighth place on the list of largest meme coins.

What's Next for $DOGS? 

Even though $DOGS has shown tremendous growth, investors should remain vigilant. Competition in the meme coin market is fierce, with projects like PlayDoge also attracting huge attention. 

PlayDoge is even predicted to provide greater profits than $DOGS, thanks to its innovative play-to-earn game concept.

Conclusion 

With significant price spikes and strong community support, $DOGS has the potential to become one of the leading meme coins on the market. 

However, the intense competition and volatility of the meme coin market requires investors to be careful in their decisions. 

Will $DOGS explode and continue to rise, or will this meme coin be rivaled by other projects like PlayDoge? Only time will tell.

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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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