There is a new star in the crypto world, and it has caught the attention of many investors. $DOGS, also known as Dogs Coin, has quickly become popular since its launch in July and the start of trading on August 26, 2024. An impressive number of over 6 million DOGS token claims have been submitted as of August 19, indicating high demand for this cryptocurrency.
$DOGS $DOGS The launch of the cryptocurrency is not just another meme-inspired token. This project is based on the Open Network (TON) and is aimed at millions of Telegram users. What makes DOGS special is its community: 81.5% of all tokens will be distributed among users, which has generated a lot of interest in the cryptocurrency price predictions. Since its launch, DOGS has shown strong performance in the market. However, after the arrest of Pavel Durov, the founder of Telegram, the value of Toncoin (TON's native cryptocurrency) dropped by 20%. This event has caused unrest among investors $DOGS , wondering whether the token's price will follow a similar trend. Community Reaction and Consequences
In response to Durov’s arrest, the DOGS community updated their logos and avatars to “Resistance Dog,” expressing solidarity with the Telegram founder and supporting freedom of speech. The move highlighted the close connection between the DOGS community and the Telegram ecosystem, which could mitigate any potential negative effects on the market. Despite the legal challenges, DOGS enthusiasts remain optimistic. Strong community ties and innovative features of the cryptocurrency may help it retain its appeal. However, further developments in the Durov situation could have a significant impact on the entire crypto market, including projects like $DOGS. Currently, the price of DOGS is $0.001240, with a trading volume of $1.07 billion in the last 24 hours. Although the token has fallen 4.08% in 24 hours, it is ranked 90th on CoinMarketCap with a market cap of $640.5 million and a circulating supply of 516.75 billion tokens. The future of the DOGS cryptocurrency seems uncertain, but one thing is clear: it continues to be in the spotlight of the crypto community and is worth keeping an eye on.
