🚨ITS ONLY JUST INFORMATION🚨
💥DOGS Faces Risk of Crash💥
Despite its successful launch, DOGS is not immune to the risks of a price crash. When Notcoin (NOT) was first listed on open markets, it experienced a dramatic 60% drop in value as early investors rushed to cash in on their gains. The token stabilized within a week.
DOGS faces a similar, though less severe, situation, according to the CEX.IO analytics team. “After its debut, DOGS also saw a price drop, likely driven by profit-taking. However, the decline was much smaller compared to Notcoin — around 25%,” they wrote.
Several factors may have contributed to the dip, including the questions over Telegram’s future, which negatively affected all Telegram-associated tokens. The team said that without this external event, the price drop might have been smaller.
“Currently, DOGS’ price is consolidating within a narrow range, a process that took Notcoin a week to achieve,” the CEX.IO analytics team wrote.
They added that the quicker stabilization might suggest that the DOGS community is less focused on short-term gains and more committed to the token’s long-term potential.
“However, there remains a risk that selling pressure could increase as the community continues to assess the token’s long-term potential,” they added.
DOGS’s tokenomics also play a crucial role in its market performance. With 81.5% of the total supply allocated to the community and no locking periods, the token’s value is highly dependent on community sentiment and perceived utility.
