Updated On: Wed, August 21, 2024, 07:05 AM GMT
The much-anticipated listing of the $DOGS memecoin is just around the corner, and the Telegram community is buzzing with excitement. Set to list on 26 August, $DOGS has attracted a massive following, with users eagerly awaiting the chance to trade their DOGS points for tokens. As the listing day approaches, everyone is curious—what could be the initial price of $DOGS?
Dogs $DOGS Price Prediction:
Crypto analyst Gautamgg.eth/sol recently shared a detailed price prediction on X (formerly Twitter), offering a realistic outlook for the $DOGS token. Let’s break down his analysis.
Comparing $DOGS and $NOT
Gautamgg.eth/sol starts by comparing Dogs $DOGS with another popular token, Notcoin $NOT, which also had a unique concept—Tap-to-Earn. Here’s a quick comparison:
1) $NOT Overview:
- Total Supply: 102 billion
- Community Airdrop: Over 80% at Token Generation Event (TGE)
- First Day Market Cap: $700 million
- Fully Diluted Valuation (FDV): $900 million
- Average Listing Price on Day 1: $0.0075
2) $DOGS Overview:
- Total Supply: 550 billion (nearly five times greater than $NOT)
- Community Airdrop: 73% or 401.5 billion
- Initial Circulating Supply: Approximately 85-90% (using 90% for calculations)
With a 90% circulating supply of 495 billion $DOGS and using Notcoin $NOT’s first-day FDV of $900 million as a reference, the estimated price for $DOGS could be around $0.0016.
Final Price Prediction for $DOGS
- Initial Market Cap on Day 1: $650M – $750M
- Estimated Price: $0.0013 – $0.0015
- FDV: $715M – $825M
Potential Profits Per User
Now, let’s talk profits. According to a 1:1 token ratio (e.g., 40,000 points = 40,000 tokens):
- The profit per account could be $52 – $60 for the same amount of tokens.
Final Thoughts
While the excitement is palpable, it’s essential to stay grounded. Gautamgg.eth/sol notes that these predictions are based on a fair value approach, with no unrealistic expectations. If the market takes a downturn, the situation could change dramatically. For now, though, DOGS is shaping up to be a promising addition to the meme coin universe. Keep an eye on the market and be ready for whatever comes next!
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial or investment advice.
FAQ:
1. What is $DOGS?
$DOGS is a meme coin project that leverages Telegram’s user base for its distribution and utility, focusing on rewarding users based on their Telegram activity.
2. When is $DOGS Listing?
$DOGS is set to list on major exchanges like Binance, OKX, Bitget, BingX, and TG Wallet on August 26, 2024.
3. What is the Total Supply of $DOGS?
The total supply of $DOGS is 550 billion tokens.