DOGS Token Price Prediction

$DOGS Information:

Current Price: $0.00125

Forecast Price Until the End of 2024: $0.03

Circulating Supply: 516.75 Billion

Total/Maximum Supply: 550B

Market Dominance: 0.0292%

Market Cap: $687M

Launch Review

The launch of a new meme coin called “DOGS” on centralized exchanges has attracted a lot of attention. DWF Labs is backing the coin, which could lead to significant price volatility. In just over an hour, “DOGS” has already reached a trading volume of $415 million, with a market cap of $645 million and a fully diluted market cap of $690 million. However, given the already high market cap, I think the potential for a 10x price increase is limited.

Expectations

I expect an initial dip in price as people sell their airdropped tokens, similar to when $NOT Coin launched. However, I think the price will eventually find a stable base and then rise. Currently, the market seems to be in “summer mode,” and I don’t think we’ve seen the full impact of retail volume yet.

Recommendations

Given the high market cap and the anticipated initial drop, I would advise staying away from “DOGS” for now. It may be wise to wait for the price to consolidate and retail volume to increase before considering a purchase. Additionally, the gradual release of the claim feature for airdropped tokens could help stabilize the price.#mememcoinseason2024#DOGSONBINANCE#TelegramCEO#Launchpool $DOGS #BinanceAfrique #BinanceAfrica