News and Analytics

0

New Memecoin DOGS Draws Attention: Trading Volumes Surpass $4 Million

Aug 20, 2024
  1. Pre-Market Buzz: $4 Million and Rising
  2. Airdrops and Community: What Makes DOGS Special
  3. Binance Listing: A Major Milestone

Memecoins like DOGS continue to capture attention in the cryptocurrency market. With an upcoming launch on Binance and impressive pre-market trading volumes, DOGS is drawing significant interest from investors and the community.

Pre-Market Buzz: $4 Million and Rising

The pre-market action for this new memecoin named DOGS has been incredible. DOGS has already achieved over $4 million in trading volume on exchanges like Bitget, KuCoin, and Gate.io. Currently trading at around $0.001, DOGS is becoming a hot topic among investors. But what is causing this intense interest? Key factors include DOGS' community-focused approach and strategy. The project has announced that 81.5% of its 550 billion token supply will be allocated to users. This approach has helped to gain huge interest in the community, with 53 million users signed up in just a month. Over 42 million of these users will receive airdrops.

Airdrops and Community: What Makes DOGS Special

DOGS focuses on being part of the Telegram community. The project's 'Dogenomics' approach rewards users who actively participate, whether by trading, creating stickers, or other activities. This has driven a lot of engagement and rapid adoption. It is set to launch on August 23, 2024. As the launch date approaches, community excitement is peaking. With over six million users already requesting airdrops, the DOGS community is very active. Airdrop claims need to be made by August 21, and claims for non-custodial wallets are due by 8 am UTC on August 23.

Binance Listing: A Major Milestone

The excitement is set to increase even more as DOGS is scheduled to launch on Binance’s Launchpool on August 23. Binance will be the first exchange to list DOGS. Trading will start on August 26, 2024, at 12:00 UTC. This could be a major boost for DOGS as it gets exposure to millions of investors. The Binance Launchpool will offer 22 billion DOGS tokens as staking rewards. This will account for 4% of the total supply. Users can stake their BNB coin or FDUSD to earn DOGS.

The community can’t contain the excitement as Binance is set to launch DOGS on the launch pool. A big question experts are thinking—whether this will be enough to push DOGS to a $550 million market cap. Will it live up to the hype, or is it just another overhyped token? The numbers are impressive, but only time will tell how DOGS will perform after its official launch.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like