$dogs withstood the selling pressure and started to rise. How much can one dog rise to?

Dogs spot with a total volume of 550 billion was launched on multiple exchanges on the 26th.

Since the amount of coins airdropped to users by the project party reached 70% of the total amount and was not locked at all, there was a large selling pressure on the coin's listing day.

In addition, the listing of the coin on the Japanese yen market caused market panic due to the Ethereum Foundation's sale of ETH on the 24th and the transfer of 30,000 BTC to Binance on the 27th. Therefore, the price of DOGS did not show the skyrocketing momentum of most popular currencies.

However, after withstanding the selling pressure and the negative news about ETH and BTC, the popular currency DOGS finally started to rise today.

So how high can this coin rise in this wave?

Personally, I think we can refer to the growth of some popular meme currencies in the past.

Previously, several popular meme coins like Solana saw their total market value rise to around $3 billion within a few days of their launch. Compared to those coins, dogs is even more popular.

However, there are many other factors that determine the short-term price of a currency besides popularity, such as market sentiment. Obviously, the overall market sentiment in the past two days cannot be compared with the previous meme currency hot on Solana.

In view of this, I personally think that in the short term, the total market value of dogs will hardly reach 3 billion US dollars. According to this logic, the current price of a single dog coin will hardly exceed 0.3 yuan.

Some people may think that this price is too low, because most people who order by number probably only get around 800 RMB.

However, this price is actually not low. Look, isn’t there a studio that has earned hundreds of millions of dogs?

The number of dogs reaches 100 million, so the income becomes 100 million*0.03 yuan=3 million yuan?

Calculated in this way, the price of 3 points is actually not low. What is low is the amount you and I buy!