The DOGS price has surged 3.82% in the last 24 hours, trading at $0.001323 as of 4:11 a.m. EST, despite a 44% drop in trading volume to $930 million. The token’s market capitalization currently stands at $643 million, reflecting steady investor interest.
What Is DOGS?
DOGS is a community-driven project built on the TON Blockchain, leveraging Telegram’s vast user base and meme culture. Centered around a dog mascot created by Telegram founder Pavel Durov, the project emphasizes:
- Community ownership
- Equitable reward distribution
- Blockchain education through tokenized stickers
👉 Discover how DOGS is bridging meme culture and blockchain
Binance Listing and Market Recovery
After an initial drop to $0.0001 due to the release of 502.48 billion DOGS tokens (92% of max supply), the token rebounded to $0.0012 following its Binance listing. This recovery highlights strong buyer support at the $0.001 psychological level.
New Trading Pairs and Potential Growth
On August 28, 2024, Binance introduced new DOGS pairs:
– DOGS/BRL
– DOGS/USDC
These additions could:
1. Boost liquidity
2. Increase trading opportunities
3. Drive volatility
Analysts suggest a 153% rise to $0.0031 if bullish momentum continues.
DOGS Price Statistics
| Metric | Value |
|---|---|
| Current Price | $0.001323 |
| Market Cap | $673 million |
| 24H Trading Volume | $930 million |
| Circulating Supply | 516 billion |
| Total Supply | 550 billion |
Technical Analysis: Bulls Regain Control
The 1-hour DOGS/USDT chart (Binance) shows:
– Consolidation breakout with a sharp upward movement
– Volume spike validating the trend
– RSI at 67.21, nearing overbought territory
Key Levels:
– Support: $0.001350
– Resistance: $0.001600 (take-profit target)
👉 Learn how to leverage market trends for crypto gains
Price Prediction
While the breakout suggests bullish momentum, traders should monitor:
– RSI above 70 (potential pullback signal)
– Volume sustainability
A successful breach of $0.001600 could pave the way for further gains.
FAQs
1. What caused DOGS’ recent price surge?
The Binance listing and new trading pairs increased accessibility and liquidity, attracting buyers.
2. Can DOGS reach $0.01?
Long-term growth (3–6 months) is possible but depends on Bitcoin’s market performance and DOGS’ adoption.
3. Is DOGS a good investment?
High-risk, high-reward. Its meme-driven nature and community focus offer potential but require caution.