The canine-themed meme coin DOGS has been gaining traction in the crypto community with its volatile price swings. Recent events involving DOGS, like its Token Generation Event (TGE) and listing on top crypto exchanges, have led to increased brand awareness and popularity for the token.
What is this token all about, and what does the future hold for its price? Find out in our DOGS token price prediction.
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What is DOGS?
In July 2024, a new meme coin project called DOGS launched on the Telegram messaging app, featuring Spotty the dog as its logo. Spotty is a familiar character from the Russian social network VK, and it’s interesting to note that he was created by Pavel Durov, who founded both Telegram and VK.
DOGS is a mini-app within Telegram that sprang up in response to the buzz around tap-to-earn games like Notcoin and TapSwap.
However, unlike those games, there’s no need to tap the screen in DOGS; you simply enter the app and receive in-app currency. Tokens are given based on how long you’ve had your account.
The earlier you sign up for Telegram, the more tokens you’ll earn. For instance, if your profile is already 10 years old, you will be entitled to 9,000 DOGS.
DOGS proved to be extremely popular and even crashed Telegram Open Network (TON) due to the high inflow of users, reaching an all-time high of $0.001644 on August 28, 2024, two days listing on major exchanges such as Binance, OKX, Bitget, Bybit, and Gate.io. However, by October 1, the DOGS token value had dropped nearly 60%, falling to an all-time low of $0.0006237.
As of today, October 7, the DOGS token price is approximately $0.00075.
