Binance's upcoming DOGS token, a few key points you must know
With the DOGS token about to be launched on the Binance platform, there has been quite a stir in the market. In order to give everyone a better understanding of this hot topic, we have specially compiled the following key information.
About DOGS Token
The DOGS token is a cryptocurrency based on the Ton blockchain. It is closely connected to a Telegram bot that has attracted the attention of millions of participants through a free airdrop event. This airdrop event is not only large in scale, but also highlights the strong community support behind the DOGS token.
The DOGS airdrop event reached 42 million participants, which is enough to prove its popularity and market potential.
Binance Launchpool Participation: In addition to the airdrop, DOGS tokens will also be distributed through the Binance Launchpool, providing more users with the opportunity to acquire them.
Possible listing price
While it is challenging to accurately predict the listing price of the DOGS token, we can make an estimate based on past experience. Usually, the market value of new coins launched by Binance Launchpool is between 350 million and 500 million US dollars. Assuming that the DOGS token has a market value of $500 million when it is listed, and its total supply is 550 billion and the circulating supply is 516.75 billion, its listing price may fall between $0.0006 and $0.00097.
Should I buy DOGS in the early stage of listing?
Faced with the upcoming listing of DOGS tokens, many investors may rush to enter the market. However, considering the following points, we recommend caution, as millions of airdrop recipients may choose to sell immediately after the token is listed, which may cause large fluctuations in market prices.
Therefore, for investors who want to hold for the long term, it may be wiser to wait for the market price to stabilize and form a relatively solid bottom before buying. This will not only reduce investment risks, but also more accurately assess the true value of the token.
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