🔥Contents🔥
⚡What is DOGS Memecoin?
⚡Fundamental Analysis
⚡Technical Analysis
⚡On-Chain Analysis
⚡DOGS Price Prediction
⚡DOGS Price Prediction 2024
⚡DOGS Price Prediction 2025
💥What is DOGS Memecoin?💥
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 date.
The reason for such high popularity is its extremely user-friendly tokenomics, which lets the community control 94% of the total token supply.
🧐Fundamental Analysis🧐
On a fundamental level, the DOGS token has very user-friendly tokenomics. A very high number of tokens, i.e., 81.4% of the 5.5 billion total token supply, were airdropped to users with no lock-in period. This move seems to have triggered a market sell-off, especially as users saw it as an easy opportunity to make instant money.
Besides this, there appear to be no fundamental reasons for the sell-off.
Once this sell-off pauses, we expect a pullback rally in DOGS.
Below is a snapshot from Coingecko, which lists DOGS as a top trending token.
🧐Technical Analysis🧐
On the 1-hour technical charts, the DOGS token has formed a base at $0.001068 after falling in a downtrend from a high of $0.001644. The base acts as a support and might stop the crypto from crossing below the 0.1 cent level.
The current price action in DOGS is highly volatile, which is evident from its price behaviour in the last seven days. Usually newly listed tokens show volatility because both bulls and bears try to but and sell the token at their desired prices, often in a panic mode.
Interestingly, this volatility seems to have started cooling down as DOGS made a bottom at $0.001068.
For a further rally, the price must cross the two levels of $0.001212 and then $0.001397. We might soon see a new ATH soon because of a widespread market rally. Coincidentally, the US Fed might cut 0.25% interest rates in its next September 17-18 meeting.
If a rate cut happens, DOGS could easily cross $0.0016; it’s all-time high.
Hence, it makes high sense to accumulate the crypto at current levels.
💥On-Chain Analysis💥
The DOGS token explorer has not been updated after the launch, and it seems that it might take a while before it is done.
Despite everything, stay assured that Droom Droom will bring you the latest insights once fresh data comes in.
🔥DOGS Price Prediction🔥
Based on its strong fundamentals and extremely high user demand, the DOGS token may witness high volatility in the near time. Also, we expect its price to behave in a bullish manner due to multiple factors like the upcoming US Fed meeting, general expectations of a market rally, unique tokenomics, its presence in the Trom blockchain and DOGS being a very user-friendly crypto.
🚀DOGS Price Prediction 2024🚀
By the end of 2024, we expect DOGS token to cross $0.005 based on high demand, retail-friendly tokenomics and a deflationary model. However, a large factor in this rally seems to be the general rally in crypto markets based on US Fed interest rates.
🚀DOGS Price Prediction 2025🚀
Since we expect an altcoin rally in 2025, we expect DOGS to increase its presence among the top five largest memecoins, even beating the multi-bagger memecoin Bonk. DOGS might reach $0.01 by the end of 2025.
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