DOGS lisitng date is confirmed on Binance, the market buzz around this meme-inspired cryptocurrency is rapidly intensifying. DOGS, with a total supply of 550 billion tokens, is expected to see significant price movement listing on one of the world’s largest and most influential cryptocurrency exchanges.
Binance is set to officially list the DOGS token on August 26, 2024, at 12:00 UTC. Available trading pairs will include DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. The token will carry a Seed Tag, highlighting its high volatility and the risks associated with it.
Token Name: $DOGS
Total and Max Token Supply: 550,000,000,000 DOGS
Launchpool Token Rewards: 22,000,000,000 DOGS (4% of total token supply)
Initial Circulating Supply When Listed on Binance: 516,750,000,000 DOGS (~93.95% of total token supply)
Given the current trend and hype surrounding DOGS, it is plausible to consider a market capitalization of $800 million to $1 billion. Here’s how this translates into potential price ranges:
1. Market Cap of $800 Million:
Price Calculation:
Price = Market Cap /Total Supply =800,000,000/550,000,000,000 = $0.00145
2. Market Cap of $1 Billion:
Price Calculation:
Price = Market Cap/Total Supply= 1,000,000,000/550,000,000,000 = $0.00182
Given the current hype and market conditions, it is plausible to consider a scenario where DOGS Token could reach or even be listed at $0.01. If DOGS were to list at this price, here’s what the market capitalization would look like:
Market Cap=Price×Initial Circulating Supply=0.01×516,750,000,000=$5,167,500,000
Initial Market Cap at $0.01 Listing Price: $5.17 billion
If DOGS manages to maintain or increase its market cap post-listing, further price growth could be seen. The continuation of this momentum will depend on several factors, including market sentiment, community engagement, and the overall performance of the cryptocurrency market.
If the market cap grows to $6 billion: The price could rise to approximately $0.0116.
If the market cap experiences a correction: The price might drop below $0.01, depending on the intensity of the sell-off and market conditions.
Listing DOGS on Binance at $0.01 would give it a starting market cap of approximately $5.17 billion. Achieving and maintaining this price will require sustained community support, favorable market conditions, and high liquidity on Binance. While the $0.01 price target is ambitious, it is within the realm of possibility given the current trend and hype surrounding DOGS.
Also Read: DOGS Listing Date is Now 26th August: Again Rescheduled