It does not seem that Dogs token was a lucky project when it was launched, despite the guarantees provided by the listing platforms. In addition to the price decline in the first hours of the launch due to users rushing to sell their tokens at any price (they did not make any effort to obtain the tokens and therefore will not regret anything later), the launch date on the platforms coincided with two major events: a general decline in the value of cryptocurrencies in the market, including the oldest cryptocurrencies such as Bitcoin and Ethereum. It is known that the decline in prices is accompanied by a reluctance to invest and trade activities for fear of accumulating more losses. The second event is the announcement of the suspension of the founder of Telegram in France, and as we know, the Dogs token project is primarily built on the Telegram user base. This news has certainly affected the cryptocurrency markets directly or indirectly, especially the list of currencies that were developed based on Telegram bots and channels.

Dogs token is still available for trading with a very large daily transaction number, especially on the Binance exchange. At the same time, the price has not seen any recovery since the official launch date. This is evidence that a large percentage do not trust the project as an investment product and are still determined to get rid of their Dogs savings as quickly as possible.