The Dogs Coin crypto community made an exciting announcement about a possible listing of its $DOGS token on August 20 on 15 major cryptocurrency exchanges including Budget, OKX, and Bybit. It also announced a massive 400 Billion DOG tokens airdrop on the same date. This created a buzz among lovers of $DOGS token in Nigeria who are curious to know what will be its price range and what will be its exchange rate with Naira and USD.
This event is a big step forward for DOGS token since it makes the coin more visible in the quickly expanding meme coin market, allowing it to reach a wider audience. The fact that DOGS is highlighted in the ‘Innovation and MEME Zone’ highlights its potential as a standout and exciting project in the Bitcoin field.
Nigeria is one of the leading countries with so much craze and expectation for this token. One may recall that Nigerians have been super enthusiastic about Telegram based tap-to-earn projects due to several lucrative opportunities they offer. Nigerians have tapped and continue to expect to tap their screens for dollars or naira with platforms ranging from Blum to Hamster Kombat, Notcoin, and TapSwap.Â
Tokenomics of $DOGS
Over 42.2 million users are eligible to claim the airdrop, with an average of 9,500 DOGS per claim. According to the tokenomics released on Telegram:
- Tokens in total supply: 550 billion
- 81.5% went towards the community, with Telegram OGs receiving 73%.
- 10% set aside for the group and upcoming projects
- 8.5% designated for listing and liquidity-related operations
Additionally, $DOGS will introduce tradable and mintable on-chain stickers in the upcoming weeks. Tokens can be claimed to a non-custodial wallet starting on 20 August, but users will need Toncoin to pay the gas expenses associated with blockchain transactions. Before claiming their $DOGS tokens, users must ensure they have enough Toncoin in their wallets. Toncoin can be bought using Stars or through exchanges.
What could be the speculative price of $DOGS at launch?Â
With $DOGS gaining traction with the news about its possible airdrop listing, analysts have speculated that the price will be around $0.00055. This starting point will consider the level of accessibility for early adoptees and what the token is believed to be capable of.
In the early days of the listing, $DOGS may experience significant volatility. Therefore, if everything goes well, the popularity could raise $DOGS to $0.00825 per unit, increasing its value by 15 times from the start.Â
Nevertheless, if there was some sort of price correction following an initial spike, then this cryptocurrency might experience a setback down to about 0.0004125, and that’s when those who were among the first ones will cash out their profits. The decrease represents about 25% against the original figure, which is a normal movement within crypto marketplaces with high price swings.
If $DOGS’ hypothetical dip is followed, market observers speculate it could achieve a new equilibrium around $0.0020625. This price point still represents a significant gain from the initial offering and could attract more investors who initially didn’t get in on the excitement.
DOGS Airdrop Price; Comparing Naira to USD
Many Nigerians who are interested in this launch are more interested in the equivalent price of the token in USD to NGN (Naira). With the possibility of one $DOGS worth 0.055 cents, a fraction of the US cent, and an anticipated launch price of $0.00055, with the current 1600 to $1 rate, Nigerians would earn 0.088 in Nigerian Naira per $DOGS airdrop token. Therefore, if the value increases to $0.00825, Nigerians will likely make ₦13.2 per dollar.Â
Also Read: DOGS to Airdrop Over 400 Billion Tokens on August 20
Conclusion
The launch of $DOGS signifies an evolving stage for meme coins, especially ones that Nigerian crypto enthusiasts love. For Nigerians, the speculative price sign indicates a significant financial opportunity, especially if $DOGS experiences an uptrend in the first few weeks after listing.
However, it is imperative to take caution when it comes to crypto. That being said, the success of the $DOGS token is highly dependent on continuous community engagement, market decisions, and the ability of the project to deliver on its promises.
