The cryptocurrency DOGS has now made its mark by being listed on several major exchanges. Let's dive into predicting where the price of DOGS might head!
Understanding the DOGS Project:
DOGS, hailed as the successor to the well-known NOT (notcoin) project, quickly amassed a massive following. Within just over a month, over 50 million users participated in its airdrop event. With its recent listings on top exchanges like Binance, OKX, Bybit, and others, DOGS is gaining considerable attention in the crypto space.
Breaking Down DOGS Tokenomics:
Before we delve into price predictions, it’s essential to understand the tokenomics of DOGS for accurate forecasting:
Total Supply: 550 billion $DOGS
🔹 Community Allocation (81.5% unlocked):
1- 73% designated for airdrops
2 - 8.5% reserved for traders, sticker creators, and future community participants
3- Development Allocation: 10% allocated to the team, set to unlock over a 12-month period
4- Liquidity and Listings:8.5% for liquidity on centralized (CEX) and decentralized exchanges (DEX), and for events related to listings
Given this structure, a significant portion of DOGS tokens will be unlocked at the Token Generation Event (TGE), coupled with an immense total supply.
DOGS Price Forecast:
The listing of DOGS on Binance via Launchpool has notably increased its value, particularly when compared to listings on other platforms like OKX and Bybit.
Let's consider hypothetical scenarios if you were to hold 50,000 DOGS:
1- Market Cap: $200 million
🔹 1 DOGS ≈ $0.00036
🔹 50,000 DOGS ≈ $18
2- Market Cap: $500 million
🔹 1 DOGS ≈ $0.0009
🔹 50,000 DOGS ≈ $45
3-Market Cap: $1 billion
🔹 1 DOGS ≈ $0.0018
🔹 50,000 DOGS ≈ $90
4- Market Cap: $2 billion
🔹 1 DOGS ≈ $0.0036
🔹50,000 DOGS ≈ $180
Personal Outlook on DOGS
Considering the strong community backing and its prominent listing on Binance, DOGS has the potential to reach a market cap of $1 billion, with the possibility of even hitting $2 billion. Even in a conservative scenario, a market cap of $500 million seems achievable for DOGS.
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$DOGS
