DOGS token price rises, can it break through $0.5!
"Dogs (DOGS) - this cute pet-themed meme coin, riding the wave of the Toncoin (TON) network supported by Telegram, is rapidly becoming the new favorite in the Web3 field. Just a few days after landing on several major centralized exchanges, Dogs has leaped to a new height, with the number of on-chain holders approaching the one million mark, becoming a highly watched medium-sized cryptocurrency. After its market value was fully rolled out, it stood firmly on the valuation high ground of about $608 million, and the daily transaction flow exceeded $440 million, which was very lively.
Speaking of the profound impact of Dogs on the Toncoin network, this is not only the glory of a meme coin, but also an important force to promote the popularization of the Toncoin network. As the most original on Telegram, The rise of Dogs has greatly promoted the democratization of the Toncoin network, giving more people the opportunity to access the vast world of Web3.
Looking back over the past year, the Toncoin network has experienced a leap in growth, with the number of transactions exceeding the 1 billion mark. Although there has been occasional congestion due to the influx of popular tokens such as Dogs, the team has promised to bring users a more secure and scalable blockchain experience. As a leader in the Web3 ecosystem, Toncoin's total locked value is the highest among all, exceeding US$351 million, and the supply of stablecoins is also quite abundant, reaching a huge amount of US$619 million.
Looking ahead, Dogs continues to attract the attention of speculators with its unique community-first issuance strategy. Telegram founder Pavel Inspired by Durov's cute pet Spotty, the Dogs coin price is ready to take off and prepare for the next wave of the bull market. On the technical chart, DOGS has broken through the four-hour downward resistance and has recently been firmly supported near $0.0011. If it can effectively stand above $0.001166, it is expected to attack the target of $0.0015, which corresponds to the 0.618 Fibonacci retracement level on the four-hour chart. The prospect is worth looking forward to.
At the same time, the four-hour relative strength index (RSI) is hovering on the edge of oversold, indicating that the market may be close to the bottom and the rebound momentum is accumulating. Every step forward for Dogs will be the beginning of another exciting chapter in the Web3 era. "
