Could $DOGS Follow in the Footsteps of $NOT?

The latest meme coin on the TON ecosystem, $DOGS, launched on August 26th (International Dog Day) with an initial market cap of $700 million and a total supply of 550 billion tokens. In the past 24 hours, $DOGS has shown remarkable volume, averaging over $1.7 billion, indicating extreme bullishness.

Technical Analysis:

After reaching an all-time high of $0.0018, $DOGS experienced a significant decline due to sell-offs by airdrop holders. The token has since been ranging between $0.0018 and $0.0010, with no substantial price change. However, massive price moves are anticipated on August 28th, following Pavel Durov's expected release from police custody in France.

Sentimental Analysis:

The similarities between $DOGS and its precursor, $NOT, are noteworthy. $DOGS has gained significant traction from whales, particularly given its unique nature and promotion by other Telegram-related tokens, including $NOT, BLUM, and CATS. The backing of Pavel Durov, CEO and Founder of Telegram, is a crucial factor to consider. Although Durov was in custody during the launch, a substantial move to the upside is expected following his release on August 28th.

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