Given the excitement around the upcoming launch of the DOGS token on Binance, I’ve been getting a lot of requests to share my thoughts. Here’s what you need to know:
DOGS is a token based on the Ton blockchain and is integrated with a Telegram bot that has attracted millions of participants eager to claim a free airdrop. With a staggering 42 million people set to receive the DOGS airdrop, this is shaping up to be a major event.
Additionally, DOGS tokens will also be distributed to those participating in the #BinanceLaunchpoolDOGS campaign.
*What could the listing price of DOGS be?*
While it’s impossible to predict with certainty, let’s consider a rough estimate. Typically, coins launched via Binance Launchpool reach a market cap of around $350-$500 million. If DOGS launches with a $500 million market cap, given a total supply of 550 billion and an initial circulating supply of 516.75 billion, the starting price could range between $0.0006 and $0.00097.
*Should you buy DOGS right after the launch?*
In my view, it’s best to wait. With millions of people receiving DOGS tokens for free, many will likely sell as soon as it launches. Allowing some time for the market to establish a base price could be a smarter move.
