DOGS Price Prediction: DOGS listing price on bybit
DOGS Price Prediction: how much is dogs listing price on bybit
The highly anticipated listing of the viral Telegram memecoin, DOGS, is only hours away, poised to make its debut on Bybit. However, the excitement has been dampened by a major setback: Durov was detained at Paris-Le Bourget airport on Saturday upon his arrival from Azerbaijan.
DOGS Tokenomics
On August 26th, DOGS investors are gearing up for a significant Token Generation Event (TGE), during which 502.48 billion DOGS tokens, representing 91.4% of the total supply, will be released. The distribution breakdown is crucial for understanding potential market movements:
- Community Airdrop: 72.7% (400.02 billion DOGS)
- Marketing: 9.18% (50.49 billion DOGS)
- Liquidity: 5.45% (29.89 billion DOGS)
- Team: 5.36% (29.48 billion DOGS)
- Binance Launchpool: 4% (22 billion DOGS)
- Advisory: 3.27% (17.9 billion DOGS)
Market Impact of Token Release
The release of such a large volume of tokens (502.48 billion) into the market typically results in increased supply, which can put downward pressure on the price, especially if there is insufficient demand to absorb the new supply. The community airdrop, representing the largest allocation (72.7%), could significantly dilute the market, potentially leading to a decline in the token’s value if a substantial portion of these tokens is sold immediately upon release.
DOGS Price Prediction
-Initial Listing Price: Coingabbar predicts that DOGS could list at around $0.0013 to $0.0015 on Bybit. This price range is based on the token's supply, anticipated demand, and the overall market sentiment leading up to the listing.
- Market Cap Estimation:
-At a price of $0.0013, with the initial circulating supply of 502.48 billion DOGS, the market cap would be approximately $653.22 million.
-At a price of $0.0015, the market cap would be around $1.005 billion.
Potential Downside Risk
However, the recent arrest of Telegram founder Pavel Durov could significantly impact the market sentiment. With this news, many token holders might become risk-averse, leading to a potential sell-off once the tokens are unlocked. This could cause the listing price to be lower than initially expected, possibly closer to or even below the lower end of the predicted range ($0.0013).
Adjusted Price Prediction Post-Event:
Considering the recent developments, if market sentiment remains negative, the listing price could potentially open closer to **$0.0011 to $0.0013. A rapid sell-off by airdrop recipients could push the price even lower, especially in the initial hours of trading. If the market cap were to drop to $500 million, the price per token would be approximately $0.000995.
DOGS Long-Term Price Prediction:
If the project manages to maintain strong community engagement and favorable market conditions, the price could stabilize post-listing. The vesting schedule for the team and advisory tokens indicates a gradual release, which could help mitigate significant downward pressure over time.
Also Read: MemeFi Price Prediction: what will be the listing price?
