As the listing date for DOGS on Binance approaches, anticipation is building around this meme-centric cryptocurrency. Set for official listing on August 26, 2024, at 12:00 UTC, DOGS is drawing significant attention due to its substantial total supply of 550 billion tokens and its inclusion in key trading pairs: DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY.
Key Listing Details and Tokenomics
- Token Name: $DOGS
- Total and Max Token Supply: 550 billion DOGS
- Launchpool Token Rewards: 22 billion DOGS (4% of total supply)
- Initial Circulating Supply on Binance: Approximately 516.75 billion DOGS (93.95% of total supply)
The token will also feature a Seed Tag to indicate its high volatility and associated investment risks.
Price Predictions and Market Capitalization Scenarios The hype surrounding DOGS suggests a potential initial market capitalization ranging between $800 million and $1 billion. Here’s a breakdown of potential price points based on these market caps:
- At $800 million market cap: The price per DOGS could be around $0.00145.
- At $1 billion market cap: The price per DOGS could increase to about $0.00182.
DOGS Price Prediction: What Will Be The Price of DOGS Token?
Speculations on a $0.01 Listing Price Considering the prevailing excitement and market conditions, there’s speculation that DOGS could debut at $0.01 per token. If it lists at this price, the initial market cap would be approximately $5.17 billion, calculated as follows:
- Market Cap = Price × Initial Circulating Supply = $0.01 × 516.75 billion = $5.17 billion
Post-Listing Price Dynamics Post-listing, DOGS’ price trajectory will hinge on various factors including market sentiment, community activity, and broader crypto market trends. Potential scenarios include:
- If the market cap reaches $6 billion: Price might ascend to around $0.0116.
- In case of a market correction: Price could retract below $0.01, influenced by sell-off intensity and prevailing market conditions.
Conclusion Listing DOGS at $0.01 on Binance would position it with a robust market cap of $5.17 billion, a formidable start for any cryptocurrency. Achieving and sustaining this level will depend heavily on continuous community backing, favorable market conditions, and robust liquidity on Binance. While ambitious, the $0.01 target is conceivable given the intense buzz and current market dynamics surrounding DOGS.
