DOGS Price Prediction: DOGS Listing Price in Nigeria

DOGS Price Prediction: how much is dogs listing price on Naira

The much-anticipated listing of the viral Telegram memecoin, DOGS, is just hours away, set to debut on Bybit. However, the enthusiasm has been overshadowed by a significant setback: Durov was detained at Paris-Le Bourget airport on Saturday after arriving from Azerbaijan.

DOGS Tokenomics

On August 26th, DOGS investors are preparing for a major 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 key to understanding potential market dynamics:

- 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

Releasing such a large volume of tokens (502.48 billion) into the market typically leads to an increase in supply, which can put downward pressure on the price, especially if demand doesn’t match the new supply. The community airdrop, making up the largest allocation (72.7%), could significantly dilute the market, potentially causing a decline in the token’s value if a large portion is sold immediately after release.

DOGS Price Prediction

- Initial Listing Price: Coingabbar predicts that DOGS could list at around ₦2.04 to ₦2.35 on Binance, based on the token's supply, expected demand, and overall market sentiment ahead of the listing.

  -Market Cap Estimation:

    - At a price of ₦2.04, with an initial circulating supply of 502.48 billion DOGS, the market cap would be approximately ₦1.025 trillion.

    - At a price of ₦2.35, with an initial circulating supply of 502.48 billion DOGS, the market cap would be around ₦1.577 trillion.

Potential Downside Risk

However, the recent arrest of Telegram founder Pavel Durov could significantly impact market sentiment. With this news, many token holders might become more cautious, potentially leading to a sell-off when the tokens are unlocked. This could result in a listing price lower than initially expected, possibly around or even below the lower end of the predicted range (₦2.04).

Adjusted Price Prediction Post-Event

Considering these developments, if market sentiment remains negative, the listing price could start closer to ₦1.73 to ₦2.04. A rapid sell-off by airdrop recipients could push the price even lower, particularly in the early hours of trading. If the market cap were to fall to ₦784.91 Billion, the price per token would be approximately ₦1.56.

DOGS Long-Term Price Prediction

If the project maintains strong community engagement and favorable market conditions, the price could stabilize after the listing. The vesting schedule for the team and advisory tokens, which indicates a gradual release, could help mitigate significant downward pressure over time.

Also Read: DOGS Price Prediction: DOGS listing price on bybit