Heads up, folks! The crypto little dog, DOGS, is on a rollercoaster ride of prices that has everyone spinning. One day it skyrockets due to a viral meme, the next it drops because it gets stuck with a technical issue. Here we break down the drama so you know what's going on.
It turns out that DOGS runs on the TON network, and boom, the network goes down three times in a month. 🤦♂️ Why? Because of the number of people using DOGS! Such popularity took its toll. To fix it, they are going to invest a mega fortune, 400 million dollars, to ensure the network can handle it. If they succeed, the little dog will run like a champion and its value could soar. But if they take too long, or if the network fails again, people will get scared and might sell everything. It's a gamble, folks.
Now, the cool part: the little dog is not just a meme, he also has a heart of gold. ❤️ They have already donated more than 515 thousand dollars to animal shelters. By 2025, they plan to multiply those donations by six. Every time they hold a charity event, like the one in a gallery in New York, the price skyrockets! This gives it a purpose that other tokens don’t have and could be its salvation.
But here comes the problem: the competition is brutal. There are new little dogs in the neighborhood, like HexyDog, that are growing faster and attracting investors. Moreover, trading platforms are putting more obstacles in the way of speculators to control volatility. This means that liquidity could flow to newer tokens with simpler rules.
In summary, the future of DOGS is on the line. It's a race between the TON network's ability to stay up and DOGS' ability to continue being the most viral and charitable little dog in the market. If they manage to balance it, the sky's the limit. If not, it could lose its throne.
Do you think the power of community and charity will overcome technical issues and competition? $DOGS
