DOGS Market Cap Prediction When Listing: Big Surprise in the Crypto World?

Bittime – Listing DOGS postponed! What was previously 20 August has been postponed to 26 August 2024. So, what are the conditions regarding the market cap?

This article will discuss DOGS market cap predictions for listings. Understand in detail by reading this article to the end.

DOGS Market Cap Prediction when Listing

The DOGS token is predicted to reach a market cap of $550 million at launch. This was also supported by pre-market trading volume surpassing $4 million across various crypto exchange platforms.

Speculative investors showed great interest in DOGS pre-market trading. Significant activity has been seen on crypto exchanges which have listed DOGS at around $0.001.

DOGS Community as Strategy

DOGS' community-focused strategy is a key factor driving interest in the token. A total of 81.5% of the total supply of 550 billion DOGS tokens is allocated to users.

Since its launch last month, the initiative has attracted more than 53 million users, with more than 42 million of them eligible for the airdrop.

DOGS is not just an ordinary memecoin. The project takes a "Dogenomics" approach that focuses on rewarding actively involved community members, such as merchants, sticker makers, and other contributors.

Read Also: Arbitrum Releases Roadmap, Many New Features to be Launched!

Prediction of DOGS Listing Success

With the August 23 listing date approaching, DOGS is expected to have a major impact on the market. Pre-market activities and community engagement led to a successful launch.

Many predict this token will quickly reach a market capitalization of $550 million.

It is important to note that the price spike experienced by Dog On Sol (DOGS), another memecoin, is not related to TON-based DOGS.

The DOGS community on Telegram is very active, with over six million verified users requesting airdrops via supported exchanges and Telegram app wallets.

Airdrop claims must be submitted by August 21, with the deadline for claims via non-custodial wallets on August 23 at 08:00 UTC.

The launch of DOGS marks an important milestone, capitalizing on the growing trend of TON-based Telegram mini apps.

With strong pre-market trading and community support, DOGS is expected to make a significant impact on the cryptocurrency market.

Impact of DOGS Launch on Cryptocurrency Market

The launch of DOGS, a TON-based memecoin, is scheduled for August 23, 2024. With strong support from the community and high pre-market trading volume, the token is expected to make a significant impact on the cryptocurrency market.

1. Potential Price Increase

• Market Expectations: Anticipation of the launch of DOGS has created positive expectations among investors, which may drive price increases after listing.
• Investor Interest: High pre-market trading volume indicates strong interest from investors, which may continue after launch.
• Token Availability: If the number of tokens available is limited, high demand can cause the price to rise.

2. Influence on Other Tokens

• Memecoin Competition: The launch of DOGS may increase competition among other memecoins. Some tokens may experience price declines or lose investor interest.
• Capital Flow: Investors interested in DOGS may withdraw capital from other tokens, which could affect the overall market price.

3. Impact on TON Market

• Popularity Increase: DOGS could increase the popularity and adoption of the TON network, which could have a positive impact on the prices of other TON-based tokens.
• Accessibility: If DOGS is successful in attracting new investors to the TON network, this could increase the accessibility and liquidity of the TON market.

4. Risks and Considerations

• Volatility: The cryptocurrency market is highly volatile, and DOGS prices may experience sharp fluctuations after launch.
• Hype and FOMO: High expectations can lead to hype and fear of missing out (FOMO), which can drive prices up unsustainably.
• Fundamental Analysis: While technical factors are important, fundamental analysis also needs to be considered to assess the long-term potential of DOGS.

Read Also: THORChain will Upgrade Hard Fork on September 4, 2024

Conclusion

The launch of DOGS has the potential to have a significant impact on the cryptocurrency market.

However, it is important to remain realistic and consider the risks involved. Investors must conduct in-depth research and make wise investment decisions.

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.

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