Hold On to Your $DOGS : Why Selling After the Binance Listing Might Not Be the Best Move
The recent listing of DOGS on Binance has generated significant excitement, but it's essential to think twice before cashing out. While it's natural to want to capitalize on the momentum, history suggests that holding off could lead to more substantial rewards.
Coins like DOGS, which were distributed through free airdrops, often experience a sharp price drop after listing due to a surge in selling from airdrop hunters.
However, this meme coin's unique advantages and strong backing could buck this trend. It could easily reach 1 billion, 3 billion or even 5 billion market cap in the coming months if not weeks.
Unlike other coins, DOGS has secured listings on major exchanges without revealing official tokenomics and has no token lock-up or vesting period. Additionally, it has the support of Telegram CEO Durov and a dedicated community-driven ownership.
While a sell-off is likely, consider adopting a gradual selling strategy to maximize profits. Divide your DOGS tokens into three parts and sell them over the next 3-5 months to ride out market fluctuations and potentially capitalize on significant growth.
Remember, patience and a well-thought-out strategy could lead to more substantial rewards in the long run.
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