DOGS token is poised to reach a $550 million market cap upon its official launch on August 23, 2024, as the pre-market trading volumes surpass $4 million on Bitget and other platforms.
Speculative investors have shown a strong interest in pre-market trading of this TON blockchain-based memecoin, which has attracted a lot of attention. Significant activity has been observed on Bitget, KuCoin, and Gate.io, where DOGS is trading at about $0.001 at the pre-market stage.
Before its debut, Bitget logged over $4 million in Tether (USDT) volumes for DOGS, according to a Bitget spokesperson. The community-focused strategy of DOGS, which allocates 81.5% of its 550 billion token supply to users, has contributed to the buzz surrounding the platform. Since its start last month, the initiative has also attracted over 53 million users, of whom more than 42 million are eligible for airdrops.
DOGS is intended to fit in with the culture of the Telegram community; it is not just another memecoin. The “Dogenomics” approach of the project is centered on compensating community members who are actively involved, such as traders, sticker makers, and other contributors.
DOGS is anticipated to greatly affect the market as the August 23 listing date approaches. Pre-market activity and community involvement point to a successful launch, with many predicting that the token will quickly reach a $550 million market valuation.
Amidst the excitement surrounding DOGS, another memecoin, BinanceDog On Sol (DOGS), has also seen a jump, rising more than 60%. It’s crucial to understand that BinanceDog On Sol is unrelated to the DOGS coin, which is based on TONs.
The DOGS community on Telegram has been highly active, with over six million verified users requesting airdrops through supported exchanges and Telegram’s wallet app. Airdrop claims must be submitted by August 21, with non-custodial wallet claims due by 8 am UTC on August 23.
DOGS’ upcoming listing is a key milestone, tapping into the growing trend of TON-powered Telegram mini-apps. With strong pre-market trading and community support, DOGS is set to make a notable impact in the cryptocurrency market.
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