DOGS token entered the exchange
DOGS Token Listing and Airdrop
The DOGS token, inspired by the Telegram meme "Spotty", is set to be listed on major exchanges like Binance, OKX, KuCoin, Bitget, and Gate.io on August 26, 2024. To celebrate the listing, Binance initiated a launch pool for its users, with a quota of 4% DOGS supply (22 billion tokens).
Over 400 billion DOGS tokens will be airdropped to eligible users, coinciding with the listing. The airdrop officially started on August 16, 2024, distributing tokens to 43 million out of 53 million users who joined the official DOGS Telegram bot.
DOGS Token Price Predictions
Despite the excitement around the listing, the DOGS token price faces volatility risks in the early days of trading[3]. Factors that could impact the price include:
- Selling tendency in the community due to uncertainty surrounding Pavel Durov's arrest, potentially causing the price to drop to $0.0001
- Strong community support driving positive sentiment and enhancing market potential, potentially increasing the price from the listing price of $0.001 to $0.02
If the downtrend continues, the price risks dropping to support near $0.00714 and $0.0068. However, if the token starts trending upwards, it would face resistance near $0.0077 and $0.0081.
How to Trade DOGS on Binance
For users new to Binance, here's a step-by-step guide to trading DOGS:
- Install and set up Trust Wallet
- Buy BNB on Binance and transfer it to Trust Wallet
- Trade BNB for DOGS on a decentralized exchange like PancakeSwap
- Locate DOGS smart contract if necessary
- Execute the swap to acquire DOGS tokens
In conclusion, the DOGS token listing and airdrop have generated significant excitement in the crypto community. However, the massive token unlock and potential volatility risks highlight the need for caution when trading DOGS in the early days.