The Toncoin (TON) blockchain is making headlines with its meme coin projects, particularly Dogs (DOGS) and Resistance Dog (REDO). Leveraging Telegram’s massive user base of nearly 1 billion, Toncoin has launched these meme coins with strong support from the Web3 community.
With the hype around these projects, significant price swings and potential gains are anticipated, especially with the upcoming altseason. Recent market data indicates that top meme coins on the TON network have a combined market cap of about $593 million and a daily trading volume of around $479 million.
DOGS Price Outlook
DOGS has been in a downtrend against the US dollar over the past week after a strong start. Despite this, the small-cap altcoin—valued at approximately $575 million with a daily trading volume of around $475 million—shows signs of a potential short-term reversal
According to crypto analyst Captain Faibik, DOGS has recently broken out of a downward trend. He predicts that if the coin successfully retests this trend, it could see a short-term bullish rally of at least 40%.
A Growing Community
DOGS’ positive outlook is supported by its fast-growing community, which has reached around 2.58 million holders in just ten days.
Even though Telegram faces legal issues, including Pavel Durov’s recent arrest in France, Toncoin’s projects remain attractive to speculative investors.
Key Milestones for Toncoin
The Toncoin network provides low transaction fees and high liquidity, enhancing the user experience. It has also put measures in place to handle high on-chain activity. Earlier this week, Toncoin celebrated reaching a major milestone of 1 billion transactions.
Is DOGS Token the next big thing in crypto? Only time will tell. But one thing’s for sure: it’s a coin worth watching.
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