The DOGS price surge - will it continue? Well, after a significant drop last week, DOGS has rebounded by 15% to reach $0.14, and its recent listing on Binance triggered a 124% price surge ¹. Currently trading at $0.00133 with a market cap of $672 million, DOGS is experiencing strong volatility, with $2.37 million in liquidations in the past 24 hours ¹.
*Key Factors Influencing DOGS' Price*
- _Market Supply_: Increasing market supply, with 2.75 billion DOGS tokens worth $3.3 million distributed to 150,000 Notcoin users based on engagement level ¹
- _Criticism of Promotion_: Centralized exchanges (CEXs) received 8.55% of DOGS supply without lockups, sparking concerns of potential sell-offs and pump-and-dump schemes ¹
- _Volatility and Liquidations_: Strong price movements, with long liquidations at $1.23 million and short liquidations at $1.13 million ¹
*Price Predictions*
Analysts forecast potential highs of $0.00825 shortly after launch, with stabilization around $0.0020625 ¹. Others predict a rise to $0.0057 by 2025 and $0.0097 by 2030 ¹.
*Community and Development*
DOGS boasts a growing user base of over 50 million, with users earning tokens through interactions with the Telegram bot, completing tasks, and inviting friends ². Its integration with Telegram and social interaction features contribute to its popularity.
Keep in mind that cryptocurrency investments are risky, and thorough research is essential before making decisions. Would you like to explore more about DOGS or other cryptocurrencies?
