What Will Be The Price of Each $DOGS Token? Read This Article to Catch an Overview of DOGS Price and Its Future.
In the tumultuous world of digital currencies, the DOGS token has emerged as a new meme coin on the Telegram network, garnering significant attention. Inspired by a dog image created by Pavel Durov, the CEO of Telegram, the token has managed to attract millions of users in a short span of time. But can this popularity translate into price growth? In this article, we delve into the details of the DOGS project and explore the price predictions before and after its listing on exchanges.
What Is DOGS Project?
The DOGS token is a meme coin built on the TON blockchain, designed specifically for Telegram users. Inspired by the popular character Spotty, created by Pavel Durov, the token has leveraged the popularity of meme coins to create an entertaining bot for its community.
The DOGS project, with over 50 million users and a focus on community-driven initiatives, has become one of the fastest-growing meme coins. The token is also one of the most prominent Telegram bots after Hamster Combat and Tap Swap.
DOGS is a new Telegram bot that awards DOGS tokens to users based on the duration of their Telegram account activity. Many consider this token similar to meme coins like Dogecoin and Shiba Inu. To receive DOGS tokens, all you need is a Telegram account. The amount of DOGS tokens you can withdraw depends on factors such as the age of your account and its type (regular or premium). To further engage users, additional methods such as inviting friends and completing tasks like joining Telegram groups or following Twitter accounts have been added.
How DOGS Telegram Bots Works
DOGS tokens are designed to reward active Telegram users through the Telegram bot. Here is a summary of how users can earn points:
- Users can receive tokens by interacting with the DOGS Telegram bot, based on the age and activity of their Telegram account.
- The DOGS project relies on active community participation. This project encourages users to join specific Telegram channels, invite their friends, and complete tasks to receive more tokens.
DOGS Price Prediction
The DOGS project attracted over 2.3 million Telegram users in just eight days and currently has over 50 million active users, demonstrating strong community support for the project. This participation indicates the significant growth potential and widespread adoption of the DOGS token.
Currently, the points earned in the DOGS Telegram bot are known as “DOGS Points” and have not yet been converted to DOGS tokens. After the official launch, these points will be converted to DOGS tokens, but the conversion ratio is still unclear.
On the Bitget exchange’s pre-market, the latest traded price of the DOGS token is $0.0055, representing an 11% increase, and its 24-hour trading volume has reached $223,000. The DOGS token price has started a strong upward trend since the OKX exchange announced that it will list the token on August 20.
The total trading volume of the DOGS token has reached $2.43 million, nearly three times the $898,140 volume recorded about two weeks ago. In the last 24 hours, the highest price DOGS has reached is $0.007328. Additionally, on the Gate.io OTC market, the latest DOGS token price is $0.0065. Some investors expect the token to reach $0.04 once it is listed on more exchanges.
This token has previously experienced significant price fluctuations due to numerous rumors about its listing on various exchanges. Although the price of DOGS has not yet reached the desired level for users, the active DOGS community remains hopeful for an increase in price and its listing on reputable exchanges.
While the DOGS token price has not yet reached $0.04, a simple calculation can help understand its current value. For example, 10,000 DOGS tokens, which can be easily obtained by completing a few simple tasks on the DOGS Telegram bot, are currently worth $60 at the price of $0.006. Many people can receive more than this amount of DOGS tokens; for instance, by inviting five of your friends to this Telegram bot, you can earn 20,000 DOGS tokens, which are currently worth around $120.
It is important to note that while the current value of DOGS tokens may be attractive to some, the actual price of the DOGS token in the spot market of centralized exchanges may not necessarily trade at this price, and its value could be lower than the pre-current offering market.
DOGS Tokenomics
based on new DOGS Telegram channel here is the information on tokenomics:
- Total Supply: 550 billions $DOGS
- 81.5% goes to the community (no locks, of course): 73% for you, Telegram OGs, who earned DOGS in the app. The rest goes to rewards for traders, sticker creators, and future community members
- 10% is allocated for the team and future development, with the major part in a 12-month vesting period
- 8.5% is reserved for liquidity on CEXs and DEXs, and listing-related events
Read More: DOGS Tokenomics and Total Supply Revealed