Quote from: Kavelj22 on September 17, 2024, 08:22:14 PM

Quote from: imamb on September 13, 2024, 09:15:35 PM

Quote from: Kavelj22 on September 12, 2024, 07:06:29 PM

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.

common thing when airdrop distribution price goes down immediately, like dogs I understand something like that with a large community and large airdrop allocation too. surely the coin dogs team has a good understanding of what will happen by burning money. so that their project really has potential for the long term and maintains community trust. I think dogs have the potential to come with other big surprises like NOT

Don't be too optimistic. I think this is unlikely to happen soon unless developers work to support the token in different ways. Do you have an idea of the total supply of tokens? Do you have an idea of how much effort it will take to jump such a token to the level of success as happened with Ton a few months ago or even with Doge before them? All analyses say that the currency is only supported by Hype and do not be fooled by the support of major exchanges because it is in their interest to list any popular currency even if no one asks them to do so.

There is also an important point regarding the lack of transparency about the next development stages of the currency and we do not know who is supposed to decide this and who is responsible for implementation. Currently, all users and investors trust the solidity of the Ton network and the platforms that listed the token. Other than that, the issue is still unclear.

I might think about getting rid of the Dogs tokens I have if the price continues to drop to lower levels.

but all of that is almost true, the first distribution airdrop will experience a price collapse due to the excess of airdrop token sellers, not the other way around. but the collapse of the price does not mean destruction because people flock to sell massively, causing the market volume to decrease. and the project team must have a strategy where the coin that is created can return to making a new ATH in a few months