$DOGS THE NEXT BIG THING IN MEME COINS

Brief Introduction :

The cryptocurrency market is constantly evolving, with new tokens and ecosystems emerging regularly. One token that has garnered significant attention in recent times is $DOGS , the native token of the Dogs Ecosystem. This article provides an in-depth analysis of $DOGS , exploring its tokenomics, use cases, market position, and future value.

1. Tokenomics

$DOGS operates on a deflationary model, which means that the total supply of tokens decreases over time. This model is designed to increase the value of each individual token, making it a potentially attractive investment opportunity.

2. Use Cases

$DOGS is used to pay for fees associated with transactions and other activities within the ecosystem.

Token holders can participate in governance decisions, shaping the future of the ecosystem.
Staking: can be staked to secure the network and earn rewards.

3. Market Position
has established a strong presence in the DeFi space, with growing adoption and recognition. The token is listed on several prominent exchanges and has a dedicated community of supporters.

Some of the factors that contribute to the potential future value of $DOGS :

Increasing Demand :
Increasing adoption and recognition will drive up demand for $DOGS .

4. Supply :
The deflationary model ensures a decrease in supply, contributing to potential price appreciation.

5. Ecosystem Expansion :
The growth of the Dogs Ecosystem will further enhance the value and utility of $DOGS .

6. Potential Risks**
Volatility, Like all meme coins, DOGS is likely to experience high volatility. Prices can swing wildly based on sentiment, making it a risky investment . Rug Pulls and Scams . As with many new tokens, there is a risk of the project being abandoned or turning out to be a scam. Conducting thorough research is essential.

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$BONK perpetual
Direction >long at 0.0181070 - 0.018000
leverage 50x
margin 1%
sl 0.01742

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$PEPE
PEPE Coin Price Nearing a Crucial Breakout:

For the past two weeks, the Pepe coin price showcased a sideway action resonating between the $0.000009 resistance and the lower trendline of the wedge pattern. A recent bearish reversal from overhead resistance plunged the asset by 18% to trade at $0.0000074. Consecutively, the market cap fell to $3.16 Billion.#pepe⚡

The wedge pattern consists of two converging trendlines that indicate a prevailing trend’s losing momentum. The trendline as dynamic resistance and support leads the price to a narrow apex before a decisive breakout for the next directional rally.

Moreover, the Pepe coin has experienced a notable surge in Open Interest over the past week. Data from Coinglass reveals that Open Interest jumped from $63 million to $92 million, marking a significant increase of 46%.
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This sharp rise in OI suggests growing investor interest and increased participation in the market, indicating that traders are positioning themselves for potential volatility or upcoming price movements.

If the selling pressure resumes, the PEPE price may plunge 15% to seek support at the lower trendline. Previously, a reversal from this support led to a 72% rally to hit $0.000013 in late July, indicating a high accumulation zone for buyers.

If history repeats, the PEPE price will rally 30% to $0.0000098 to challenge the resistance trendline of the wedge pattern. A bullish breakout from this resistance will signal the end-of-correction trend.
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#MarketDownturn

Why is Solana's Dogwifhat ($WIF ) memecoin crashing?
👉#Dogwithhat (WIF), the fourth-largest memecoin by market capitalization, is on the brink of erasing the recovery it achieved after the Aug. 5 crypto market crash. WIF has dropped approximately 30% from its Aug. 9 local top of around $1.95, bringing its price down to $1.36 as of Aug. 17. #BinanceSquareCreatorAward

👉WIF’s price declines accompany similar downside moves across other top memecoins, namely Dogecoin ($DOGE ), Shiba Inu (SHIB), and Pepe (PEPE). For instance, DOGE, the largest memecoin by market capitalization, has dipped by approximately 10% in the last nine days. #pepe⚡

👉Among the leading memecoins, WIF has experienced more significant losses over weekly and monthly timeframes. For instance, WIF’s 30-day returns are around -42%, far exceeding DOGE (-15%) and SHIB (-23.5%).#shiba⚡

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$LTC
Litecoin (LTC), the 19th largest crypto globally by market cap, has seen a surge in price. With the rise, the market cap reached the $4.9 Billion mark.

👉#litcoin Litecoin has built a descending triangle, precisely a bullish pattern on the weekly chart. The resistance was present from 2021, as illustrated on the chart via an orange trendline facing downward. The support of the $50 level showcased its presence from 2018.#LowestCPI2021

👉LTC was in a downtrend. After the big move in 2021, it marked the $413.91 high, and the downtrend hit hard. From 2022, the bearish trend was confirmed as price activity was under 50-period EMA and 200-period EMA bands on the weekly chart.#MarketDownturn

👉Over the weekly built structure, long-term targets can be achieved. This can happen if a breakout prevails after the successful change of character (CHoCH) of the $109 level. #BinanceSquareCreatorAward

Based on the Fibonacci retracement tool, the targets could be at $210, $280, and $360, respectively.
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#etherreum Ethereum is on the brink of a crucial test as recent data indicates a potential continuation of its downward trend. $ETH

In a recent update, crypto analyst Ali Martinez highlighted a key support zone between $2,300 and $2,380 for Ethereum. The analyst revealed that within this range, approximately 1.62 million addresses collectively held 50.38 million ETH at the time of the update.

The significance of this support zone lies in the large volume of ETH held by these addresses. It represents the largest cluster of buyers who entered the Ethereum market after the $2,200 level to $3,000.
For comparison, in the $2,430 to $2,507 range, 1.4 million addresses hold only 3.74 million ETH, whereas in the $2,278 to $2,340 range, 1.89 million wallets hold 50.4 million ETH.

This concentration suggests that bearish market pressure will likely be more strongly defended around the $2,300 level, making it a critical point for market watchers.

👉Most Ethereum Investors In Profit
With Ethereum’s price at $2,617, over 61 million accumulated ETH tokens are “in the money,” meaning investors are holding them at a profit. These tokens represent 90.80% of all Ethereum tokens purchased within the $2,220 to $3,000 price range, indicating that most ETH holders are still in profit.

👉Additionally, according to Martinez’s chart, there’s an “At the Money” price range between $2,617.21 and $2,693.61. In this range, 92.82k addresses hold $242.82 million worth of ETH, where investors are neither in profit nor at a loss.

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$LINK

#Chainlink (LINK) has been hovering around $10 for several days, reflecting a 25.91% decline over the past month.

Amid heightened market volatility, holders remain hopeful for a recovery. However, futures traders appear to be betting on a different outcome.

negative Funding Rate indicates dominance by short positions, with broader expectations of a price decline.

Previously, the market’s average position was long. However, as shown in recent data, traders briefly shifted toward shorts between August 14 and 15. During this period, LINK’s price dropped from $10.72 to $9.93 before experiencing a slight rebound.

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#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!