#MarketDownturn #DOGSONBINANCE
Rank: No. 153
Market Cap: $380.75M
Market Dominance Index: 0.0163%
Circulating Supply: 516.75 Billion DOGS
Maximum supply: 550 billion DOGS
Date of Issue: August 25, 2024
All-Time Low: $0.000623 (October 1, 2024)
Introduction
DOGS is a memecoin that has been gaining prominence in the cryptocurrency market since its issuance in August 2024. With a market capitalization of $380.75 million, DOGS is ranked 153rd in the cryptocurrency rankings, standing out for its rapid rise and the active community behind it.
Market Analysis
Since its launch, DOGS has experienced a significant surge in its value, reaching its all-time high of $0.001644 in just three days on August 28, 2024. However, like many emerging cryptocurrencies, it has also faced volatility, reaching an all-time low of $0.000623 on October 1, 2024. These fluctuations reflect both the enthusiasm and uncertainties common in the memecoin market.
Supply and Dominance
With a circulating supply of 516.75 billion DOGS and a maximum supply of 550 billion, DOGS has a clear and transparent issuance structure. Its market dominance index of 0.0163% indicates that despite being a memecoin, it has a significant presence in the cryptocurrency space.
Factors Influencing the Value of DOGS
Active Community: The strong user base and active community on Telegram, with over 2 million members, are important drivers for the appreciation of DOGS. These communities are often responsible for promoting and maintaining the relevance of memecoins. Users earn DOGS by participating in activities on the platform and through promotional campaigns.
Volatility: Like any memecoin, DOGS is susceptible to large price fluctuations. This can offer opportunities for experienced traders, but it also poses significant risk for more cautious investors.
Market Events: Launches, partnerships, and social media mentions can all dramatically influence the price of DOGS. Keeping up to date with the latest news and developments related to the coin is crucial to understanding its market performance.
Conclusion
DOGS is a fascinating memecoin that exemplifies the volatility and potential of emerging cryptocurrencies. With a strong community and a well-defined issuance structure, it continues to attract the attention of investors and enthusiasts. As always, it is essential to do your own research and consider the risks before investing.
Join the Discussion! 💬
Please leave your comments and share your experiences with DOGS and other memecoins. Let’s build a strong community and help each other achieve our financial goals!
