DOGS (DOGS) is one of the most popular cryptocurrencies on the Ton blockchain. It was so popular that it crashed the Ton blockchain twice on its launch day. The reason for such high popularity is its extremely user-friendly tokenomics, allowing the community to control 94% of the total token supply.

Fundamental Analysis

Basically, the DOGS token has very user-friendly tokenomics. A huge amount of tokens, i.e. 81.4% of the total supply of 5.5 billion tokens, were airdropped to users without a lock-up period. This move seems to have caused a sell-off in the market, especially as users saw this as an easy opportunity to make money right away.

Additionally, there does not appear to be any fundamental reason for this sell-off. Once this sell-off stops, we expect the DOGS price to recover. Below is a snapshot from Coingecko, which lists DOGS as the top trending token.

Technical Analysis

On the 1-hour technical chart, the DOGS token has formed a base at $0.001068 after breaking down in a downtrend from a high of $0.001644. This base is acting as support and could prevent the cryptocurrency from breaking below $0.100.

DOGS’s current price action is very volatile, as evidenced by its price action over the past seven days. Newly listed tokens typically experience volatility as both buyers and sellers try to buy and sell tokens at the desired price, often in a state of panic.

Interestingly, this volatility seems to have started to cool down as DOGS bottomed at $0.001068.

For the next rally, the price needs to break above $0.001212 and then $0.001397. We could see a new ATH soon due to the widespread bullishness in the market. Coincidentally, the US Federal Reserve could cut interest rates by 0.25% at its next meeting on September 17-18.

If interest rates are cut, DOGS could easily surpass $0.0016; this is an all-time high.

Therefore, accumulating cryptocurrencies at current levels makes perfect sense.

On-Chain Analytics

The DOGS token explorer has not been updated since launch and it looks like it will take a while to complete.

Regardless, rest assured that Droom Droom will bring you the latest insights as new data becomes available.

DOGS Price Prediction

Based on its solid foundation and extremely high user demand, the DOGS token could see high volatility in the near future. Additionally, we expect the price of this token to increase due to many factors such as the upcoming US Federal Reserve meeting, general expectations of a bull market, unique tokenomics, the presence of this token on the Trom blockchain, and DOGS being a very user-friendly cryptocurrency.

DOGS Price Prediction 2024

By the end of 2024, we expect the DOGS token to surpass $0.005 based on high demand, retail-friendly tokenomics, and a deflationary model. However, a big factor in this rally seems to be the general bullishness in the crypto market based on the US Federal Reserve interest rates.

DOGS Price Prediction 2025

As we expect altcoins to increase in price by 2025, we expect DOGS to increase its presence among the top five memecoins, even beating out memecoin Bonk. DOGS could reach $0.01 by the end of 2025.

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