As a crypto investor with a keen interest in the market trends, I must say the recent 40 Billion DOGS airdrop has been quite thrilling! With such a massive distribution of tokens within just 48 hours, it’s clear that Telegram, the platform behind this, is making waves in the crypto world.
Telegram, a widely-used social media platform, has been instrumental in the creation of several well-known cryptocurrencies. With an active user base of approximately 950 million, this community and network have generated some of the most popular tokens in circulation, such as Notcoin, Hmaster Kombat, and even DOGS. What’s more noteworthy is that the excitement around the newly launched token sparked the DOGS airdrop, distributing approximately 40 billion tokens within 48 hours, setting quite a milestone
DOGS Airdrop Distributed 40 Billion Among 2.5 Million Users
As a crypto investor, I’ve been keeping a close eye on the latest developments with DOGS, the popular TON-based token that’s recently made its debut on various exchanges. The hype surrounding this unique dog-themed token is palpable! Intriguingly, the team behind it has just released an additional 40 billion tokens, following their initial distribution of 2.75 billion DOGS to Notcoin holders, based on a beloved character named Spotty. It’s exciting times for crypto enthusiasts like myself as we eagerly watch this newcomer make its mark in the digital currency world!
The team has added additional Airdrop for those who didn’t get their On-Chain tokens yet. Over 2.5 million users have been awarded 40 billion DOGS tokens within just two days. The team utilized the Telegram platform to share this update, stating that every user will eventually receive their tokens
As an analyst, I’ve observed that some users chose not to receive the DOGS airdrop via centralized exchanges and instead opted for the TON wallet. Unfortunately, these users encountered substantial delays when attempting to claim the airdrop, which negatively impacted their overall user experience
DOGS Price Surged 8% In 24 Hours
During the latest Dogs token distribution event, the price experienced an initial surge before subsequently slumping into a downward trend. As reported by Coingape earlier, the Dogs price bounced back by about 3%, trading at $0.00133 with a market capitalization of approximately $672 million on August 31. Unfortunately, this upward movement was short-lived as the token continued to trend downwards due to increasing liquidity, resulting in a loss of over 25% of its value within that week
In simpler terms, it can be said that within the last 24 hours, the price of DOGS has risen over 8%, reaching a current level of $0.001088. Similarly, the market capitalization has grown significantly to $563,480,618. This surge is due to increased network activity, causing trading volume to jump by 23% to $482,121,109
In the past eight days, the value of DOGS on Binance has skyrocketed by over 124%, reaching an all-time high of $0.001644. This impressive rise followed Binance listing DOGS as part of its 57th launch pool. However, due to the presence of sellers and growing market liquidity, some users may observe a drop in the price of DOGS
Instead, if we consider the DOGS price forecast, it suggests a potential increase in price trend could occur, provided that the token’s value rises towards the initial resistance level of 0.0001868
Final Thoughts
Following the triumph of the 40 Billion DOGS airdrop, the tokens have experienced an 8% spike in value over the past 24 hours. This surge has also been seen in its trading volume and market cap, which have both received a significant boost due to increased user engagement. Nevertheless, it’s possible that the price of DOGS may drop considering the recent airdrop activities, during which 2.75 billion tokens were distributed among Notcoin users. It’s not just DOGS, but many other meme coins are currently proving profitable. In fact, a savvy crypto trader amassed ten million dollars from an initial investment of $1.2K when the token skyrocketed by 400,000%, demonstrating the power these tokens hold in the market
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2024-09-05 13:38