DOGS Price Prediction After Token Unlock

Bittime - The DOGS price prediction after the token unlock has become a magnet for crypto enthusiasts. For this reason, this article will provide a complete explanation for the future review and analysis of DOGS nutrients. Let's take a look!

DOGS Token Launch

DOGS is facing a real test. With the imminent launch of a token of 502.48 billion DOGS, investors and market players are wondering: will the price of DOGS drop drastically or will it be able to survive amidst a flood of supply?

Read Also: Latest Info! Here's How to Easily Claim the Latest DOGS Airdrop

What are DOGS?

DOGS stands for Doge of Telegram, originally born as an experimental project in the Telegram community.

With a simple but interesting concept, namely combining meme elements with blockchain technology, DOGS has succeeded in attracting the attention of many investors, especially those who like meme projects that have the potential to provide large profits in a short time.

TGE DOGS, Threat or Opportunity?

The upcoming DOGS Token Generation Event (TGE) is a milestone for the project. A total of 91.4% of the total DOGS supply will be released to the public, mostly through community airdrops.

Although this airdrop can increase user participation and expand the token holder base, on the other hand it also has the potential to trigger huge selling pressure.

Read Also: DOGS Listing on Bittime, There is a DOGS Airdrop Event with a Prize of IDR 20 Million!

DOGS Price Prediction After Token Unlock

HDOGS prices have shown quite volatile movements in the last few weeks.

After experiencing a significant increase, the price of DOGS started to correct and is currently around the $0.0021 level.

Will DOGS Prices Crash?

If the selling pressure due to TGE becomes stronger, it is not impossible that DOGS prices will fall by 50% and retest the lowest support level around $0.0008.

Quoted from Coingape, several parties argue that the solid DOGS community and market enthusiasm for meme projects can be a balancing factor.

If buyers are able to maintain the support level around $0.001, then DOGS price has the potential to rise again and test resistance at the $0.0052 level.

What Happens to DOGS Price After Token Unlock?

According to Coingape's notes, DOGS prices could fall by up to 50% if selling pressure increases, but they predict the support level will be at $0.001 so it recovers to $0.0052.

Factors that Influence DOGS Prices

Market Sentiment

Market sentiment towards meme coins and crypto projects in general will greatly influence DOGS price movements. If the crypto market as a whole experiences a decline, the price of DOGS will also be depressed.

Developer Activities

The DOGS development team's ability to execute the project roadmap and provide consistent updates will be very important to maintain investor confidence.

Competition

The emergence of new meme projects may distract investors and reduce interest in DOGS.

Conclusion

The massive token launch of DOGS is a very crucial event for this project. Even though the potential for price decline is very large, the opportunity for a rebound is still open. 

To get information about other DOGS, please visit the news channel on the Bittime blog.

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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