DOGS Meme Coin Soars After Binance Listing, Faces Market Correction

DOGS, a new meme coin on the TON blockchain, surged 150% after its listing on Binance, reaching an all-time high of $0.0018. However, the price has since corrected, hovering around $0.0013. With a market cap over $600 million, DOGS has captured significant interest, but uncertainty looms as the market watches for future developments.

The newly launched DOGS meme coin, based on the TON blockchain, has quickly become one of the most talked-about topics in the cryptocurrency world. After its debut on Binance and several other major exchanges, DOGS saw its price skyrocket by 150%, jumping from its initial launch price of $0.00054 to an all-time high of $0.0018 within hours.

The excitement surrounding DOGS was further amplified by its impressive trading volume. According to CEX.IO, the coin recorded a staggering $2 billion in trading volume on its launch day, highlighting the intense interest and speculation in this new entry to the meme coin market.

Despite its explosive start, DOGS has experienced a sharp correction. The price has stabilized between $0.00121 and $0.00128 at the time of writing. The question now is whether DOGS will see a rebound before September or continue its downward trend.

What is DOGS?

DOGS is a meme coin developed on the fast-growing TON blockchain, which aims to leverage the strength of the Telegram community. Inspired by Spotty, a mascot created by Telegram founder Pavel Durov, DOGS is more than just a meme coin; it symbolizes care, love, and charity. Spotty was originally recognized as the unofficial mascot of VK, a Russian social media platform.

The DOGS project is deeply integrated into the Telegram app, offering a blend of meme culture and social interaction that has attracted a growing user base of over 50 million people. Users can earn tokens by interacting with the Telegram bot, completing tasks, and inviting others to join the ecosystem.

Although DOGS currently lacks a tangible use case, its developers are working on new features that will allow users to mint and sell meme stickers on-chain, potentially increasing the coin’s utility and value.

$DOGS Price Prediction

Since its market entry, DOGS has captivated the crypto community, particularly due to its successful airdrop and subsequent exchange listings. Over 40 million users participated in the airdrop, which caused significant network congestion and an eight-hour outage on the TON blockchain. The listings on top-tier exchanges like Binance, Bitget, MEXC, and Bybit fueled DOGS’ initial price surge.

Historically, meme coins listed on major exchanges like Binance often see significant trading volumes, leading to rapid price increases. DOGS was no exception, with its trading volume surpassing $1.7 billion within the first ten hours of its launch. This performance helped DOGS outpace other popular meme coins like Dogecoin, Shiba Inu, and Bonk, propelling it to become the eighth-largest meme coin by market cap.

However, after its initial success, DOGS has seen a decline, trading below the $0.0013 level. Factors such as uncertainty about Telegram’s future and selling pressure from early investors have contributed to this dip. If the selling pressure continues, DOGS may struggle to break past the $0.0013 mark in the near future.

Currently, the token’s Relative Strength Index (RSI) is hovering around the neutral zone, indicating significant fluctuations in buying and selling activity. If the RSI drops into the oversold area, DOGS could face further price declines.

Despite the recent downturn, the DOGS development team is committed to introducing new features and integrations to keep the community engaged. While market conditions and interest in meme coins will play a crucial role in DOGS’ future, upcoming updates to the DOGS app, such as meme stickers and customizable content, could spark renewed interest and potentially drive a price rebound.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)