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The future price of DOGS will mainly rely on external factors, especially the legal issues involving Pavel Durov. If the news is positive, the price could rise, but there's also a chance it could drop further if negative sentiment persists. Keep in mind that a lot of effort goes into providing top-notch investment advice, and your generous tips support our mission to continue delivering the best insights.
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The Open Network (TON) experienced a six-hour outage on August 27 due to an overwhelming surge in activity from the newly launched DOGS meme coin, causing a breakdown in consensus as validators struggled to clear old transactions. The network resumed block production after a restart early on August 28. Despite the disruption, DOGS reached an all-time high before seeing a subsequent drop in price and trading volume. This incident occurred amid the recent arrest of Telegram co-founder Pavel Durov in France.
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The momentum indicators on the 2-hour chart signal a bullish movement for DOGS, with the price breaking above the upper Bollinger Band and the Money Flow Index showing a positive reading of 74. If DOGS stays above the 0.00137 pivot, it could continue rising, facing resistance at 0.00167 and potentially testing 0.00200 if the bullish momentum persists. Conversely, a drop below 0.00137 would favor sellers, with initial support at 0.00101 and a potential test of 0.00072 if the downward trend continues.

The DOGS token price surged by 22.8% to $0.0152, defying the broader crypto market's 5.5% decline, even as its creators are in jail, adding selling pressure. Despite a 42% drop on the day of its August 26 Binance listing due to a selloff triggered by a Token Generation Event that unlocked 502.48 billion tokens, with 72.7% allocated to an airdrop, concerns about a supply glut emerged. However, the increased liquidity and strong community support have helped the token perform well during this crucial time.

The DOGS token price surged by 22.8% to $0.0152, defying the broader crypto market's 5.5% decline, during a crucial time for the token as its creators are in jail. This spike followed its August 26 listing on Binance, despite a significant 42% drop on the same day due to a selloff triggered by a Token Generation Event. The event unlocked 502.48 billion tokens, with 72.7% allocated to an airdrop, raising concerns about a supply glut. However, the increased liquidity and strong community support have helped the token perform well despite the selling pressure.
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The launch of the DOGS token airdrop caused significant disruptions across Telegram Wallet and several crypto exchanges, as millions of users engaged in swaps and on-chain activities. Inspired by Telegram founder Pavel Durov's mascot, the DOGS token is part of a mini-game on The Open Network (TON). The surge in user activity led to temporary service outages on platforms like Bybit and Binance, though normal operations were quickly restored. However, Telegram Wallet continued to implement fixes at the time of reporting. The early trading of DOGS on MEXC, before other exchanges, introduced price volatility, frustrating many users.

Despite the disruptions, DOGS achieved a fully diluted valuation (FDV) of $707 million, surpassing Bitget's $550 million prediction. The token traded around $0.0012, similar to its pre-market price before the airdrop. The DOGS token is the latest in a series of Telegram mini-app projects, with users anticipating future airdrops from other viral apps like Hamster Kombat. Meanwhile, the crypto community was shaken by the arrest of Telegram's Pavel Durov in France, leading to widespread criticism of French authorities.

The launch of the DOGS meme coin on August 26, 2024, significantly impacted several major crypto exchanges and the Telegram Wallet. As millions of users began claiming their DOGS tokens, services on platforms like Binance and Bybit slowed down, with Telegram Wallet also experiencing disruptions. The wallet's exchange feature was temporarily unavailable, though efforts to restore normal operations were quickly underway.

Binance had listed DOGS for trading and added it to their Launchpool as the 57th project. However, unforeseen issues during a TON network upgrade led to delays, causing Binance to suspend deposits and withdrawals for TON, which negatively affected its price. DOGS itself saw a sharp decline, trading around $0.001182, down 32% from its debut, while TON dropped to $5.57, marking a 3% decrease in the last 24 hours.

#DOGSONBINANCE #TRADERTIPS

The DOGS token, built on the TON blockchain and closely linked to Telegram, is gaining traction with upcoming listings on major exchanges and a strong community focus, allocating 81.5% of its supply to users. Price predictions suggest a range of $0.04 to $0.10, with the potential for higher targets if community support remains strong, though risks like Pavel Durov's potential arrest and a massive token unlock could cause significant volatility. Despite the speculative nature of this meme coin, its unique tokenomics and massive community involvement make it a project to watch, especially as it secures more exchange listings.

#tradesafely

The discussion centers around the anticipation of how the DOGS token will perform once Durov is released, especially since the token's launch coincided with a challenging period. Experts emphasize confidence in holding onto DOGS, stating that its performance has exceeded expectations during these critical times. Best of Luck for the Future!

#DOGSONBINANCE #TraderEducation

French prosecutors suggest Telegram founder and CEO Pavel Durov could be released on Wednesday, but Polymarket is uncertain if this will happen in August. Prosecutors confirmed Durov has not been formally charged and his detention is part of an investigation into alleged Telegram-aided crimes.

#CryptoMarketMoves

Binance unexpectedly removed six cryptocurrencies from its platform, PowerPool, Ellipsis, ForTube, Loom Network, REEF, and VGX Token, due to failure to meet its standards. The delisted coins experienced significant price drops, ranging from 14% to 40% within a single day. This move often leads to market volatility.

The $DOGS meme coin recently experienced a significant 39% drop, which has been attributed to sell pressure, particularly from large amounts of tokens flooding the market. Despite high trading volume, the price didn't meet expectations, and concerns are growing as Telegram wallets are still holding onto more tokens, possibly due to the ongoing price slump. As a result, Telegram seems to be adjusting its timelines in response to the market downturn. The next few days are critical for $DOGS, with the possibility of further declines unless it can stabilize above $0.001.
The $DOGS meme coin recently experienced a significant 39% drop, which has been attributed to sell pressure, particularly from large amounts of tokens flooding the market. Despite high trading volume, the price didn't meet expectations, and concerns are growing as Telegram wallets are still holding onto more tokens, possibly due to the ongoing price slump. As a result, Telegram seems to be adjusting its timelines in response to the market downturn. The next few days are critical for $DOGS, with the possibility of further declines unless it can stabilize above $0.001.

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Cardano (ADA), with a market cap of $12.36 billion and a 28.63% year-to-date increase, is known for its proof-of-stake validation and support for smart contracts. Since 2017, ADA has grown 2,059% from $0.02 to $0.3442 as of July 30, 2024. It’s also featured in Forbes' list of the top 10 best cryptocurrencies for future investment. Please research thoroughly before investing.

#DOGSONBINANCE #BNBChainMemecoins #BinanceBlockchainWeek #Babylon_Mainnet_Launch

DOGS, a new TON-based meme coin, was listed. The rise in open interest alongside the price decline signals a bearish outlook. With millions of Telegram accounts now active, selling pressure is increasing. While some see potential if the community stays engaged, others warn of further drops due to this heightened selling activity. Traders remain divided on its future.

Given the current supply of 550 billion tokens and the potential growth forecast, $DOGS reaching $0.01 is possible but not guaranteed. While the projected growth indicates a strong increase, don't expect to become a millionaire unless you already have significant holdings. Invest cautiously, as the market remains volatile, and always manage your expectations.