The Big Boom in Meme dogs Coin Price May Be Coming Soon!
The crypto world is abuzz with excitement as the GS dogs meme coin gears up for a potential price surge. With a series of high-impact events on the horizon, this under-the-radar token could be on the verge of a significant breakout. Letâs dive into the details and see what makes a hot topic right now.
$DOGS Token Unlocks, Allocation, and Schedule
According to the latest reports, the unlocking of the token dogs is set to span one year, from September 1, 2024, to September 1, 2025. With a total supply of 550 billion tokens, the distribution is divided into six distinct groups:
Community Airdrop: 72.74%
Marketing: 9.18%
Liquidity: 5.45%
Team Reserves: 5.36%
Binance Launchpad: 4%
Advisory: 3.27%
This strategic allocation indicates strong fundamentals and a promising future for the project. If youâre considering investing in this memecoin but are concerned about its short-term targets, read on to uncover the latest trends and sentiments surrounding prices.
$DOGS Price Action
Since its launch, has dogs captured significant attention. Despite the ongoing market volatility, this memecoin has surged over 7% in the past 48 hours. With a market cap of $541.6 million, it has already secured the third position in the Toncoin ecosystem1.
The Relative Strength Index (RSI) has shown a sharp decline in the price dogs chart, indicating increased selling pressure in the short term. However, the MACD indicator has recorded a consistent green histogram, and its averages display a steady rise in the price chart2.
Will Prices Increase?
If the bulls manage to break out of the resistance trendline, the price could test its resistance level of $0.001145. Should the bullish momentum continue, the price could head towards its upper resistance level of $0.0013553.
On the flip side, if the bears overpower the bulls, the Ton-based memecoin could drop towards its crucial support level of $0.0009291 this month3.
Conclusion
The meme coin is poised for a potential price boom, backed by strong fundamentals and strategic token allocation. Whether youâre a seasoned investor or new to the crypto space, keeping an eye on $DOGS could be worthwhile as it navigates through these exciting times.
What do you think? Are you ready to ride the $DOGS wave?
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