Based

2024

Simon's Cat

DOGS

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<p>DOGS Memecoin has witnessed an extreme sell-off due to its no-lock token distribution, which users see as a quick way to earn money. The token has extremely retail-oriented tokenomics and might be a highly sought-after coin in the future.</p> 
<p>In this article, we have tried to analyze the DOGS token on its fundamental, technical and on-chain aspects and understand whether the current sell-off brings an opportunity to accumulate or a warning to avoid this memecoin for the best.</p> 
<h2 class="wp-block-heading" id="strong-what-is-dogs-memecoin-strong"><strong>What is DOGS Memecoin?</strong></h2> 
<p>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.&nbsp;</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/understanding-dogs-the-new-ton-based-memecoin/" target="_blank" rel="noreferrer noopener"><strong>Here’s everything we at Droom Droom could find on DOGS</strong>.</a></p> 
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<p>The reason for such high popularity is its extremely user-friendly tokenomics, which lets the community control 94% of the total token supply.</p> 
<p>However, after its launch, the crypto saw a 30% fall in price. This created a dilemma in the markets as to whether DOGS token was actually a great crypto or just another pump-and-dump scheme. Or was it just bad luck?</p> 
<p>To address this question, we have analyzed DOGS on fundamental, technical, and on-chain parameters and tried to understand what its future might be like in 2024 and beyond.&nbsp;</p> 
<p>Since DOGS was launched less than a week ago, on 26 August 2024, it is difficult to predict its price in a longer timeframe, such as 2024. Therefore, we have used the shorter 1-hour charts to understand its future over the course of the next month. However, to compensate for this, we have used fundamental analysis to predict its price for 2024 – 2030.</p> 
<h2 class="wp-block-heading" id="strong-fundamental-analysis-strong"><strong>Fundamental Analysis</strong></h2> 
<p>On a fundamental level, the DOGS token has very user-friendly tokenomics. A very high number of tokens, i.e., <a href="https://coinmarketcap.com/currencies/dogs/" target="_blank" rel="noreferrer noopener nofollow">81.4%</a> 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.</p> 
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   DOGS Token Price Crashes 25% in First Month, <strong>Source</strong>: CoinMarketCap
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<p>Besides this, there appear to be no fundamental reasons for the sell-off.&nbsp;</p> 
<p>Once this sell-off pauses, we expect a pullback rally in DOGS.&nbsp;</p> 
<p>Below is a snapshot from Coingecko, which lists DOGS as a top trending token.&nbsp;</p> 
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   <p lang="en" dir="ltr">Here's a look at what people are searching for on CoinGecko today!<br><br>Top 5 Trending:<br>• Toncoin – <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$TON</a><br>• Solana – <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SOL</a><br>• Dogs – <a href="https://twitter.com/search?q=%24DOGS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$DOGS</a><br>• NULS – <a href="https://twitter.com/search?q=%24NULS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$NULS</a><br>• Simon's Cat – <a href="https://twitter.com/search?q=%24CAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$CAT</a><br><br>Are you watching any of these? <br><br>View the full list:<a href="https://t.co/wR2b6z6Cbz" rel="nofollow" target="_blank">https://t.co/wR2b6z6Cbz</a> <a href="https://t.co/YtUkcRwJM7" rel="nofollow" target="_blank">pic.twitter.com/YtUkcRwJM7</a></p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1830529418596380780?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">September 2, 2024</a>
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<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/preventing-another-ftx-debacle-understanding-proof-of-reserves/" target="_blank" rel="noreferrer noopener"><strong>Are you sure your CEX is safe? Check its Proof of Reserves once again.</strong></a></p> 
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<h2 class="wp-block-heading" id="strong-technical-analysis-strong"><strong>Technical Analysis</strong></h2> 
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 <img loading="lazy" loading="lazy" decoding="async" width="1024" height="517" src="https://droomdroom.com/wp-content/uploads/2024/09/Trading-view-1024x517.png" alt="Trading view" class="wp-image-28083" title="DOGS Price Prediction 2024 and 2025 to 2030, A True Gem 23">
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  DOGS/USDT 1-Hour Charts From Binance, <strong>Source –</strong> Tradingview
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<p>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.</p> 
<p>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.&nbsp;</p> 
<p>Interestingly, this volatility seems to have started cooling down as DOGS made a bottom at $0.001068.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/technical-analysis-a-path-to-rewarding-crypto-trades/" target="_blank" rel="noreferrer noopener"><strong>Want to be the hero of your technical analysis and stop following every tom, dick and harry? Here’s your path to mastery.</strong></a></p> 
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<p>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.</p> 
<p>If a rate cut happens, DOGS could easily cross $0.0016; it’s all-time high.</p> 
<p>Hence, it makes high sense to accumulate the crypto at current levels.</p> 
<h2 class="wp-block-heading" id="strong-on-chain-analysis-strong"><strong>On-Chain Analysis</strong></h2> 
<p>The DOGS token explorer has not been updated after the launch, and it seems that it might take a while before it is done.&nbsp;</p> 
<p>Despite everything, stay assured that Droom Droom will bring you the latest insights once fresh data comes in.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/cross-chain-interoperability-across-blockchain-networks/" target="_blank" rel="noreferrer noopener"><strong>Do you want to bridge your DOGS to a more trusted blockchain? You might be able to do it soon</strong>.</a></p> 
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<h2 class="wp-block-heading" id="strong-dogs-price-prediction-strong"><strong>DOGS Price Prediction</strong></h2> 
<p>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.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2024-strong"><strong>DOGS Price Prediction 2024</strong></h3> 
<p>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.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2025-strong"><strong>DOGS Price Prediction 2025</strong></h3> 
<p>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.</p> 
<p>DOGS might reach $0.01 by the end of 2025.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2026-strong"><strong>DOGS Price Prediction 2026</strong></h3> 
<p>As 2026 is expected to mark the end of the current bull cycle, we do not expect a large move, but DOGS might be able to retain its 2025 high and even get slightly higher to $0.015. That’s still a 50% gain in 2026.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2027-strong"><strong>DOGS Price Prediction 2027</strong></h3> 
<p>If we assume the 4-year bear-bull cycle, DOGS might correct to $0.01. However, if the marketwide corrections are not deep enough, its price could retain $0.0125. Otherwise, DOGS could correct to $0.01 or $0.008 levels.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2028-strong"><strong>DOGS Price Prediction 2028</strong></h3> 
<p>The year 2028 would mark another Bitcoin halving, and just like all other halving years, memecoins could witness a large rally similar to this year. Based on the expectations of a similar rally, the DOGS token could rise 100% – 300% to reach $0.03. Even on a bearish note, it could easily make $0.020 to $0.025.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2029-strong"><strong>DOGS Price Prediction 2029</strong></h3> 
<p>Since 2029 is expected to bring the alt season for the halving cycle of 2028, DOGS could reach its 5-cent mark by the year. If the market tends to be more bullish, it might cross $0.1.</p> 
<h3 class="wp-block-heading" id="strong-dogs-price-prediction-2030-strong"><strong>DOGS Price Prediction 2030</strong></h3> 
<p>Finally, we expect DOGS to decisively cross $0.1 and become the third largest memecoin because of its utility as a community token, backed by Ton’s robust and scalable network. If it brings DeFi on board, the high liquidity in the current markets could make it a star among all memecoins.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><a href="https://droomdroom.com/solana-bullish-pattern/" target="_blank" rel="noreferrer noopener"><strong>We made a similar prediction for Solana. Take a look.</strong></a></p> 
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<h2 class="wp-block-heading" id="strong-frequently-asked-questions-strong"><strong>Frequently Asked Questions</strong></h2> 
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   <h3 class="rank-math-question " id="strong-is-dogs-listed-on-binance-strong"><strong>Is DOGS listed on Binance?</strong></h3> 
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    <p>Yes, DOGS was listed on Binance on its launch day, along with five other exchanges. Users can swap USDT, USDC, BTC, ETH, BNB or any other suitable crypto to get DOGS tokens. At press time, 1 USDT was valued at 878 DOGS.</p> 
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   <h3 class="rank-math-question " id="strong-is-there-a-chance-that-dogs-is-a-pump-and-dump-scheme-strong"><strong>Is there a chance that DOGS is a pump-and-dump scheme?</strong></h3> 
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    <p>No, because pump-and-dump usually happens in cryptocurrencies with a large ( say,&gt;30%) token share with the founders or with the project. DOGS has a 94% token supply already in circulation. Even if the founders go rogue and dump the 6% remaining supply, DOGS could still easily recover.</p> 
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   <h3 class="rank-math-question " id="strong-does-dogs-have-any-chances-of-being-rug-pulled-strong"><strong>Does DOGS have any chances of being rug-pulled?</strong></h3> 
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    <p>Rug pull usually happens when the project owners hold both funds(fiat or crypto) and crypto. Here, the crypto is already with the users, negating the possibility of a rug pull.</p> 
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DOGS Price Prediction 2024 and 2025 to 2030, A True Gem

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