What is the price of DOGS, a king-level traffic project? Quickly compare the market value of similar projects to have a clear understanding

远山洞见2024/08/26 10:01

By:远山洞见

DOGS continues to be hot and is about to open on various exchanges. So, how much can the price of DOGS rise? By comparing the market value of similar items, we can roughly predict its potential price range.

I. Comparison of similar market values

Currently, the total supply of DOGS is 550,000,000,000 tokens, with a circulation of 516,750,000,000 tokens (93.95% of the total), and the price on the Bitget pre-market trading market is 0.001664 USD.

The following is a comparison of the circulating market value of Meme coins or social platform tokens similar to DOGS.

What is the price of DOGS, a king-level traffic project? Quickly compare the market value of similar projects to have a clear understanding image 0

From the above comparison, it can be seen that if DOGS reaches the market value of similar projects, its price may fluctuate between 0.00101 USD and 0.00364 USD, and the specific price performance will be affected by market demand and community development.

II. Project background and details

Since July 2023, DOGS token has rapidly become the focus of the crypto market, especially in the TON ecosystem, where DOGS has risen rapidly like a dark horse. With top global exchanges such as Binance, OKX, Bitget, Bybit, and Gate.io announcing the upcoming launch of DOGS token trading, DOGS has quickly become a hot asset in the market. It is worth noting that OKX and Bitget even opened pre-market trading for DOGS in advance, highlighting the huge market attention that DOGS has accumulated in a short period of time.

DOGS (DOGS) is a highly representative Meme coin that aims to convey and promote the unique spirit and culture of the Telegram community. Its inspiration comes from the unofficial mascot Spotty of VK (a well-known Russian social platform). The story behind Spotty has a profound emotional background: it was created by Telegram founder Pavel Durov at a charity auction supporting orphanages, and quickly became a symbol and cultural symbol of the VK community.

Spotty is not just a painting, but also a symbol of care and charity. Since its inception, its image has been widely used for various charity activities, and all funds raised through the sale of its themed products have been used to support orphanages and children's homes. Over the years, Spotty has become one of the most popular sticker characters on the VK platform, even appearing on VK Fest, and then more symbolically "entering" space. Today, DOGS tokens hope to bring this symbol into the cryptocurrency world and become a new cultural symbol.

The token economy model of DOGS is cleverly designed to support the healthy development of the community in the long term. The total supply is 550,000,000,000 tokens, distributed as follows:

-81.5% allocated to the community: 73% allocated to Telegram's OG users (i.e. original active users), who earn DOGS tokens through active performance in the application; the remaining part is used to reward traders, content creators, and future community members. This distribution method not only encourages long-term user participation, but also ensures the widespread distribution and recognition of tokens within the community.

-10% belongs to the team: used for continuous development and future innovation of the project. This part of the tokens will support the long-term development of the DOGS project, ensuring its competitiveness in the fiercely competitive cryptocurrency market.

-8.5% for liquidity and listing: reserved for liquidity provision and related listing activities on centralized exchanges (CEX) and decentralized exchanges (DEX). This will ensure the liquidity and tradability of DOGS tokens in the trading market, enabling more users to easily obtain and trade DOGS tokens.

In addition, Bitget will launch a DOGS/USDT zero-commission spot trading activity on August 26, 2024, from 20:00 on August 26, 2024 to 23:59:59 on August 30, 2024 (UTC + 8). During this period, users can enjoy zero-commission transactions for DOGS/USDT spot orders and take orders. This activity will undoubtedly further promote the attention and trading volume of DOGS in the market.

Through the above analysis, investors can have a rough expectation of the future price range of DOGS. At the same time, considering the background of the project and community support, DOGS tokens undoubtedly have a large upward space.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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