As a new meme coin, DOGS's reputation is increasingly strengthening in the crypto ecosystem. DOGS becomes the top 3 crypto with the most unique holders. This number is considered fantastic because the tokens with more holders than DOGS are only USDT and ETH.
So, will DOGS continue to be successful in the crypto ecosystem? Is DOGS's performance worthy of long-term investment? This article will discuss it, especially for you. Watch until the end to learn about DOGS developments in the crypto ecosystem.
DOGS Latest Achievements
Recently, the TON community announced that as many as 17 million users claimed DOGS tokens. This achievement is quite impressive for a new meme coin like DOGS.
According to Tonviewer, more than 5 million wallets are holding DOGS tokens on the TON blockchain. With this amount, DOGS has become a meme coin with a fantastic number of unique holders.
With that many holders, DOGS can only be surpassed by USDT from Tether and Ethereum (ETH).
Throughout its existence, DOGS now has more than 53 million users on its mini app with more than 42 million users eligible for airdrop claims.
With this achievement, the TON Community has more hope in Catizen and Hamster Kombat which is predicted to be able to compete with the success of DOGS now.
DOGS, Meme Coin Leader?
DOGS has many fans. Its release on crypto exchanges is much anticipated. However, the release schedule which coincided with the incident of Pavel Durov's arrest meant that the DOGS price performed beyond user expectations.
Crypto News Flash reports that DOGS is gaining tremendous traction among meme coins. It was recorded that as of September 10, DOGS had increased by 9%. Staking DOGS also attracts more and more users.
For additional information, you can get prize of 50,000 HMSTR tokens by staking DOGS on Bitrue. The requirements are very easy. You only need to verify KYC on your Bitrue account, make a deposit with a minimum nominal, then you can redeem at any time.
As of September 11, DOGS had declined by 4.63%. Now, DOGS is trading at $0.0010112. Previously, DOGS was at $0.0010855 as its highest price in the last 24 hours.
In the price chart above, the RSI line is at 46. A number below 50 indicates that the DOGS selling trend is higher than the buying trend.
However, DOGS holders can be a little optimistic about DOGS performance because the MACD line seems to be trying to rise upwards. It could be said that DOGS has the possibility of being bullish even though it is currently in the red.
Will DOGS Continue to Be Popular in the Crypto Ecosystem?
The important question now is, will DOGS continue to establish itself as a meme coin with strong value in the crypto ecosystem?
Since its inception, DOGS has become a favorite among Telegram fans and the TON Community. DOGS continues to be in demand even when Bitcoin and the majority of Altcoins experience price declines.
When Bitcoin fell to $54,000, DOGS rallied with an increase of up to 16.5%. However, will this positive DOGS trend continue in the future?
Yang pasti, like any other cryptocurrency, DOGS is subject to various factors that can influence its price. Here are some of the key factors, such as:
1. Market Sentiment and Speculation
Positive news, hype, and fear of missing out (FOMO) can drive up the price of DOGS. Negative sentiment or news can have the opposite effect. Discussions and trends on social media platforms like Twitter and Reddit can significantly impact the price of DOGS.
2. Supply and Demand Dynamics
The distribution of DOGS tokens among holders can affect price. A concentrated ownership can lead to higher price volatility, while a wider distribution can stabilize the price.
The availability of buyers and sellers in the market can impact price. Higher liquidity generally means more stable prices.
3. Technological Developments and Project Progress
Positive developments in the DOGS project, such as new features, partnerships, or milestones achieved, can boost investor confidence and drive up the price. Improvements in the DOGS blockchain's scalability and performance can enhance its utility and attract more users, potentially increasing the price.
Conclusion
That is information related to DOGS becomes the top 3 crypto with the most holders. The number of holders can only be surpassed by USDT and ETH, making DOGS a meme coin that is quite worthy of consideration at the moment.
You can read other information related to DOGS and various other crypto ecosystem news updates only on Bitrue. Only on the blog Bitrue, you can get the latest news related to cryptocurrency which can be read anytime and anywhere for free!
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