72 Hours Price Update of $DOGS
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$DOGS has been trading for 72 hours, and here's the current outlook:
Firstly, the price has remained stable without facing significant selling pressure. Even the negative news involving Telegram's CEO hasn't impacted the token's successful market entry.
We observed a 30% price increase on the second day after its release, and the price continues to stay above the first day's levels.
What do I anticipate next?
I have a theory that Notcoin served as a preliminary test project before the main one was introduced. Consequently, $NOT successfully paved the way for a new narrative, and now it appears to be DOGS' time to shine.
Why do I think so?
Because DOGS is likely to be used for sticker trading on Telegram, which is the innovation that Pavel Durov once hinted at.
It may sound far-fetched, but what if this was the plan all along?
In any case, the current scenario points to a strong focus on the TON ecosystem, the rise of new memecoins, and even some network latency.
But what about the chart?
I'm still expecting a significant price drop similar to what we saw with Notcoin. While retail traders might sell their free tokens, larger investors could swoop in and accumulate them at discounted prices.
We might witness my “-60% pattern” play out here as well.
However, as long as the chart remains stable, it's too early to make any concrete predictions.
One thing I can say for certain is that if the new hybrid NFT marketplace featuring stickers launches successfully, the price will likely surpass the current level in the future.
Remember, as demand increases, so does the price.
Do you believe in DOGS?
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