DOGS Price Estimates Still Full of Speculation Ahead of Listing and Airdrop

Bittime - DOGS price estimates are still full of speculation ahead of the listing and airdrop. Currently, crypto users' eyes are on Dogs.

A Telegram crypto mining bot called Dogs has set an agenda that they will list the $DOGS token on August 20, 2024.

The listing agenda certainly invites various speculations regarding what the DOGS price will be.

Ahead of DOGS Listing on Various Exchanges

A few days ago the Dogs crypto community released an announcement that they would list the $DOGS token on August 20 2024 on 15 exchanges.

In Indonesia, the DOGS token itself has been included in the listing DOGS by Bittime, an Indonesian crypto exchange platform that continues to grow.

The Dogs community also made another announcement that was no less interesting, namely that on the same date they would distribute DOGS tokens worth 400 billion.

These two agendas running at the same time certainly sparked an uproar in the crypto community in general in various parts of the world, including in Indonesia.

What arouses the greatest curiosity among the crypto community is, what will the price of DOGS be?

Especially the estimated DOGS price when compared with IDR or Rupiah, the Indonesian currency.

Dogs in the Spotlight

On August 20 2024, Dogs will carry out two agendas, namely the listing of DOGS on various exchanges, as well as the distribution of the Dogs airdrop.

This agenda became a strategy that led Dogs to significant developments in the memecoin community at large.

Through these two agendas, Dogs has the potential to attract more users and reach a wider audience.

Apart from that, Dogs is also in the spotlight because of their innovation in building a memecoin community base on Telegram, making the Dogs project very prominent.

Tokenomics DOGS

Before discussing DOGS price estimates, let's first review what DOGS tokenomics are like.

As of this article, there have been more than 43 million Dogs users who are eligible to claim the airdrop with an average of 9,500 DOGS per claim.

Here are the details based on the DOGS tokenomics released on Telegram:

The total token supply is 550 billion, with 81.5% of it allocated to the community. 

Of this amount, Telegram OG gets 73%. A total of 10% is allocated to the group and future projects, while 8.5% is used for listing and liquidity-related operations.

Additionally, $DOGS will launch tradable and printable on-chain stickers in the next few weeks. 

These tokens can be claimed to non-custodial wallets starting August 20, but users will need to have Toncoin to pay the gas fees required for transactions on the blockchain. 

Before claiming $DOGS tokens, users must ensure that they have enough Toncoin in their wallet. 

To own Toncoin, you can buy Toncoin easily via Bittime. 

Estimated DOGS Price at Listing Time

What is the predicted or estimated DOGS price when listed? This question clearly produces an uncertain answer, and is of course still speculation.

However, DOGS price estimates can make Dogs users better prepare themselves for price possibilities that arise.

As $DOGS continues to rise thanks to news regarding the DOGS listing and its airdrop, analysts expect the DOGS token price to be around $0.00055. 

This initial estimate was formed after calculating the level of accessibility for early users and the potential that the DOGS token is believed to have.

At the beginning of the listing, $DOGS may be hit by quite a lot of volatility. 

However, if the volatility passes, the increased popularity could push the price of $DOGS up to $0.00825 per unit. The value increases up to 15 times the initial price.

Potential Price Correction

The worst case scenario is that, if there is a price correction after the initial surge, the price of DOGS may decline to around $0.0004125, which would be the moment for early investors to cash out their profits. 

This drop represents approximately 25% of the initial price, which is a normal movement in the volatile crypto market.

If such a downside scenario occurs, market observers speculate that $DOGS could reach a new balance around $0.0020625. 

This price still represents a significant gain over the initial offering price and could attract the interest of more investors who may not have initially bought into the hype.

Dogs Price Estimates against IDR

DOGS price speculation can of course also have a positive flavor, for example with an optimistic scenario for the DOGS price against IDR.

If you review previous developments by converting DOGS prices to IDR, in early August 2024 the DOGS price actually reached IDR 8,500 per coin.

This increase was triggered by various factors, starting from the release of new features, as well as the increasingly solid DOGS ecosystem and the increasing interest in DOGS in the crypto community.

However, the volatile crypto market then pulled DOGS to a price of IDR 7,800.

Final Note

This is the discussion regarding the estimated DOGS price which is still full of speculation ahead of the DOGS listing and DOGS airdrop.

The DOGS price presented in this article is completely a prediction or estimate, even when it is listed and carries out an airdrop, the DOGS price can change at any time considering the volatile crypto market.

The wisest attitude right now is to be normal, not too optimistic, and not too pessimistic. And you need to realize that determining the price of a memecoin coin is very dependent on market conditions, community conditions and community commitment.

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