Key Takeaways:
DOGS token known as the native meme coin of the Telegram application has undergone a positive recent market trajectory. The token built on the TON blockchain is equipped with the native meme culture and user base of the Telegram application. DOGS leverages the vast user base of the Telegram application by combining it with native meme culture. The origin of its meme is a simple dog sticker created by the founder of Telegram, Pavel Durov. Pavel Durov created this dog sticker named Spotty for charity options to support orphanages.
The price of DOGS fluctuates at the beginning of its launch. These fluctuations benefited the early adopters of the coin. DOGS encountered another price drop after the arrest of Telegram CEO Pavel Durov in France. This created a panic among the investors and the selling pressure was heightened. Another reason behind the price drop was the uncertainty in the global market. After these fluctuations, DOGS managed to recover to its launch price. The trading volume of DOGS also improved as an indication of its acceptance among other meme coins.
DOGS (DOGS): Current Market Performance Data
At the time of writing this, the price of DOGS is expected to rise by 227.45% and reach $0.001679. The current indicators show the trend as Bearish while the Fear and Greed Index shows a positive trend. In the past 30 days, DOGS recorded 47% green days with a price volatility of 11.69% over the last 30 days.
Check out the currency performance data of DOGS:
Market Capitalization: $285,440,535
24-hour Trading Volume: $122,653,781
Circulating Supply: 516,750,000,000
Total Supply: 550,000,000,000
Max Supply: 550,000,000,000
Chains: TON Ecosystem
DOGS (DOGS): Historical Price Data
24-hour Range of DOGS: $0.0004968 – $0.0005616
7-day Range of DOGS: $0.0004797 – $0.0006267
DOGS: Where to Buy?
DOGS are available in centralized crypto exchanges. The most popular exchange to trade DOGS is Binance, where DOGS/USDT is the most active trading pair. Other popular exchange options include Bidget and Gate.io. This is an important step in investment. Conduct your research and verify the credibility, transparency, and charges of the exchange. If you are a beginner, consult your financial advisor before making any investment decisions.
DOGS: Price Determination Factors
Price fluctuations of the DOGS token are driven by supply and demand. These factors are influenced by events such as block reward halving, hard forks, or new updations in protocols. The price is also influenced by the new regulations adopted by the company, Government policies, Cryptocurrency exchange hacks, and other significant real-world events. These fluctuations also impact the market capitalization of the token. The future price prediction of DOGS is also dependent upon the activity of DOGS “Whales”. DOGS Whales are entities that possess large amounts of the token. The relatively lower market presence makes the ‘Whales’ group an influential element in the price determination of the coin.
Cryptocurrency investments are subjected to market fluctuations.
While writing this DOGS (DOGS) is trading at $122,595.917 for the past 24 hours. This represents an increase of 29.90% from the previous day. This can be considered a temporary upsurge in the demand. But do your research on the credibility, transparency, and fee structure before planning the investment. Diversification of investment reduces the risk. If you are a beginner then consult your financial advisor for guidance in the diversification of your investment and best available options.
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