#DOGS X-RAY OF ITS PERFORMANCE 👈
The recent performance of the recently listed DOGS cryptocurrency on Binance has been remarkably volatile. On its first day, DOGS recorded a trading volume of $2 billion, which initially boosted its price by 120%. However, this increase was followed by a significant correction of around 25% due to profit-taking by early investors.
DOGS's high transaction volume even caused a 7-hour outage on the TON network, which is part of the ecosystem in which it was launched. Despite this setback, the cryptocurrency managed to quickly stabilize compared to others in similar situations, suggesting strong engagement from its community.
Nevertheless, the future of DOGS remains uncertain. Extreme volatility, coupled with uncertainty over the legal status of Pavel Durov, founder of Telegram, could affect the token's long-term value. The community and overall sentiment around the token will continue to be critical factors in its future performance
HOW DO YOU THINK DOGS WILL PERFORM IN THE SHORT TERM?