DOGS Crypto Price Prediction – Most Trending Meme Coin After Binance Listing

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Newly-launched TON meme coin, DOGS has emerged as one of the most trending topics in the crypto town following its explosive debut on Binance and other major crypto exchanges.

Within hours of its listing on Binance, the dog-inspired meme coin experienced a dramatic price surge, jumping 150% from its launch price of $0.00054.

More so, according to an analysis from CEX.IO, $DOGS recorded a staggering $2 billion trading volume on its launch day, highlighting the excitement and speculative interest surrounding its multiple listings. 

After posting consecutive gains within just a few days of going live, $DOGS finally attained its current all-time high of $0.0018. 

However, this initial spike was followed by a sharp correction, with the $DOGS price hovering between the $0.00121 and $0.00128 range at press time. 

Will $DOGS see a rebound in its price before September? Or will it continue its downtrend? This article forecasts where the price of $DOGS could be heading, taking into account the current conditions in the broader market.  

What Exactly Is DOGS?

Developed on TON, one of the fastest-growing blockchains, DOGS is a new meme coin that symbolizes the strength of the Telegram community. The token is inspired by Spotty, a mascot created by a popular entrepreneur and Telegram founder Pavel Durov. 

Spotty is more than just a dog imagery – it represents care, love, and charity. It was drawn by Durov during a charity auction to support orphanages. In fact, prior to its adoption by $DOGS, Spotty was initially recognized as the unofficial mascot of VK, a Russian social media platform. 

By embracing this special symbol, $DOGS aims to redefine the narrative in the meme coin space. This project is integrated into the Telegram app, featuring a mix of meme culture with social interaction to deliver a fun-filled and rewarding experience for its community members. 

Marketed as the “most Telegram-native meme coin,” $DOGS leverages the widespread popularity of the social networking app to reach a wide audience. It currently boasts a growing user base of more than 50 million, making it one of the most viral Telegram mini-apps after Hamster Kombat and Tapswap. 

Users of the app are able to savor free tokens by interacting with its Telegram bot, completing tasks, and inviting friends and families to its ecosystem. 

Amid much fanfare, the project finally launched its airdrop campaign for eligible community members to claim their tokens. The launch was managed by TokenTable, a specialist in automated token distributions. 

According to reports, over 400 billion $DOGS were distributed during the airdrop, making it one of the largest free token distribution events ever witnessed in the crypto scene. 

In addition to its airdrop program, $DOGS also opened for trading on crypto exchanges so that beneficiaries can put their earned tokens to best use. 

Above all, $DOGS has no tangible use case at the moment. However, its developers are already working behind the scenes to introduce new features that will allow users to mint meme stickers and sell them on-chain. 

$DOGS Price Prediction

$DOGS officially entered the market a couple of days ago and quickly captured the attention of the crypto community due to the success of its airdrop event and the buzz around its listings. According to findings, not less than 40 million users participated in the airdrop, reflecting the strong engagement and interest in the $DOGS community. 

Tonscan, a well-known blockchain explorer, indicated $DOGS airdrop generated “quite a lot of traffic,” thereby causing approximately 8 hours of network outage on the TON blockchain. The level of participation in the token distribution program, coupled with its listings on top-tier exchanges like Binance, Bitget, MEXC, and even Bybit fueled the initial price appreciation recorded by $DOGS. 

Historically, any meme coin that is listed on the aforementioned exchanges, especially Binance, gets significant trading volume, which often can lead to a parabolic increase in price. 

Therefore, considering the vast user base of these exchanges, it is no surprise that $DOGS recorded a massive surge of interest upon launch, becoming one of the first meme coins to surpass the $1.7 billion trading volume within the first ten hours of launch. More so, despite being a new entrant, DOGS surprisingly outperformed major meme coins including Dogecoin, Shiba Inu, and even Bonk. 

With a current market cap exceeding $600 million, $DOGS has successfully displaced the likes of Book of Meme and Popcat to emerge as the eighth-largest meme coin on the market. This impressive market performance, according to Coinglass, signifies a robust interest from its community, with many traders buzzing about its short-term value. 

However, in spite of its outstanding market launch, $DOGS has witnessed a noticeable pullback from its recent highs, trading below the $0.0013 level. Multiple factors, including the uncertainty around Telegram’s future and the selling pressure by early investors, contributed to the dip. If investors continue to move their funds away, $DOGS might struggle to surpass even the $0.0013 price benchmark in the coming days.

At the time of writing, the token’s RSI is fluctuating around the neutral zone, suggesting major waves in sales and purchases. In a situation where the RSI drops to the oversold area, the $DOGS price is expected to crash even further.

That being said, the team behind $DOGS wants to bring new features and integrations that will keep the community excited and engaged. While market conditions and interest in meme coins are expected to play a crucial role, major updates to the $DOGS app such as the addition of meme stickers and customizable content may reignite the level of interest in the project, thereby triggering a potential rebound in its price. 

More Promising Alternative To $DOGS – Base Dawgz

Amid the uncertainty in the long-term potential of $DOGS, investors are now shifting their attention to upcoming meme coin listings like Base Dawgz ($DAWGZ). Originally developed on Base, Base Dawgz sets itself apart from other meme coins with its multichain functionality and community-driven strategies. 

At the backdrop of Base Dawgz’s lore is a powerful storyline which tells the tale of how Wojak, Shiba Inu, and several other Doge-themed characters were strapped with base jumping gear and flying high in the skies after jumping off a plane. With this interesting narrative, Base Dawgz clearly defines its chain hopping capabilities and lofty ambition to bring different meme coin communities together under one roof. 

Thanks to its embracement of Portal Bridge and Wormhole technologies, Base Dawgz has successfully unlocked its multichain functionality. It is currently active on five top chains – Base, Ethereum, Binance Smart Chain, Avalanche, and Solana. This standout attribute opens up Base Dawgz to a broader spectrum of investors, allowing them to interact with its ecosystem from the chain they desire. 

Another major selling point of Base Dawgz is its novel “Share-to-Earn” initiative. Powered by a transparent point-based system, Base Dawgz’s Share-to-Earn program allows meme enthusiasts to monetize their social media interactions. To accumulate points that will eventually be redeemed for free $DAWGZ tokens, participants are mandated to share Base Dawgz-related memes on their Twitter handles. With this strategic approach, Base Dawgz aspires to sustain a vibrant community that’s driven by engagement and rewards.

Keeping up with other top ICOs that have launched this year, Base Dawgz is also offering a standard staking facility, with lucrative APY rewards for grabs. The staking feature is available to all investors, regardless of their chains. According to famous market experts, this additional earning mechanic enriches Base Dawgz’s appeal as an ample investment opportunity for those seeking to amplify their gains this year. 

Furthermore, Base Dawgz sees security as a top priority. As such, while at its earliest stage, the project has received a full smart contract audit from SolidProof, a well-known blockchain security firm. The outcome of the audit indicates that its smart contracts are not exposed to any risk or vulnerability, adding an extra layer of credibility to the project. 

The aforementioned attributes of the project, coupled with its multiple appearances on reputable crypto publications like Cryptonews, Cryptonomist, Crypto Daily, Coinpedia, and even Cointelegraph played a tremendous role in the viral success of its presale. With over $3 million raised, the investing community has shown great interest in what $DAWGZ has to offer. 

Considering several factors, including its positive market sentiment, social media popularity, and potential tier-1 exchange listings, prominent crypto analysts like CryptoZeus predict $DAWGZ might be the next 10x meme coin gem.

Above all, ahead of its September 4 DEX launch, investors still have one final chance to get $DAWGZ at its listing price of $0.008582 and benefit from its current three-digit staking rewards. 

The new meme coin can be purchased over the counter via the official website of the project, basedawgz.com with SOL, ETH USDT, USDC, BNB, AVAX, or BUSD.

To stay updated about its future listings, follow Base Dawgz on X.

*Cryptonomist did not write the article or test the platform.