What affects the price of DOGS?

Just like with any other asset, the price action of DOGS is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of DOGS. The market capitalization of DOGS can change significantly in a short period of time.

When trying to make a DOGS forecast, many traders also try to monitor the activity of DOGS “whales”, which are entities and individuals that control large amounts of DOGS. Since the DOGS market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on DOGS’s price movements.