This is the Price of DOGS when Listing Says Crypto Analyst on Twitter

Bittime - The DOGS price list when the listing is out. Analysis and predictions from a crypto analyst for updates will be discussed in this article.

What are DOGS?

DOGS is a unique meme coin on Telegram designed to reward active community members. Its distinctive distribution system is based on the level of user engagement in Telegram.

Read Also: DOGS Listing Announcement

DOGS Listing Date Has Been Set

The DOGS listing date has been released. Simultaneously, there are 7 crypto exchanges that will register DOGS on August 20 2024.

All exchanges are from abroad, but there is one local crypto exchange that you can go to as a place to buy DOGS, namely Bittime.

DOGS Coin Price According to Analysts

Below is a description or price range for DOGS coins according to analyst AnC @AnalisCrypto. 

For more details, let's look at the conclusion of the discussion below.

By updating the total number of coins (supply) to 550 billion, let's recalculate the price per $DOGS coin.

First Calculation

Assumption

We assume the total market value (marketcap) of $DOGS coins is the same as $NOT coins.

New Price

Using the formula price = total market value / total number of coins, we get the new price per $DOGS coin of approximately $0.00225.

Analysis

This price is lower than previous calculations because there are now more coins in circulation. 

The more coins in circulation, with the same total market value, the cheaper the price per coin will be.

Second Calculation

Assumption

This time, we assume the total market value of $DOGS coins is only half that of $NOT coins.

New Price

Using the same calculations, we get the new price per $DOGS coin of around $0.00112.

Analysis

This price is even lower than the first calculation. This shows that the smaller the total market value, with the same number of coins, the cheaper the price per coin will be.

Read Also: DOGS Price Estimates Still Full of Speculation Ahead of Listing and Airdrop

Explanation of DOGS Price Calculation

From the two calculations above, we can see that the price of a coin is influenced by two main factors, namely the total market value and the number of coins in circulation.

The greater the total market value and the fewer coins in circulation, the higher the price per coin will be.

Conversely, the smaller the total market value and the greater the number of coins in circulation, the lower the price per coin will be.

Conclusion

The explanation of the DOGS coin price from crypto analyst Twitter (X) above is just a prediction. For clarity, it cannot be validated yet. 

To get information about DOGS listings, please visit other Bittime blog pages.

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. 

Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.