DOGS has emerged as a notable meme token within the cryptocurrency landscape. Built on the TON blockchain and inspired by the Spotty mascot, this digital asset combines community-driven appeal with the technical infrastructure of a rapidly growing ecosystem. Its connection to popular social platforms adds a unique dimension to its market presence, attracting both casual enthusiasts and serious traders. This article provides a detailed, real-time analysis of DOGS price movements, supply metrics, and essential market data, offering a clear perspective for anyone monitoring this asset.
Understanding the DOGS Token
DOGS is a meme-inspired cryptocurrency operating on The Open Network (TON) blockchain. It draws its identity from the Spotty mascot, an unofficial symbol associated with VK and created by Telegram's founder, Pavel Durov. Unlike traditional cryptocurrencies that focus solely on utility, DOGS leverages cultural relevance and community engagement, characteristics typical of meme tokens. Its integration within a Telegram mini-app highlights its aim to foster an interactive and accessible user experience, making it easier for holders to engage with the asset directly through a popular messaging platform.
Live DOGS Price and Market Performance
As of the latest data, DOGS is trading at $0.000124. Over the past 24 hours, the token has experienced a slight decrease of -0.2% in its value. Monitoring these short-term fluctuations is crucial for understanding market sentiment and potential entry or exit points.
Key Price Statistics and Ranges
- 24-Hour Price Range: $0.000120 - $0.000125
- All-Time High (ATH): $0.00163 (reached on August 28, 2024)
- Current Price vs. ATH: -92.4%
In-Depth Tokenomics and Supply Metrics
The supply structure of a cryptocurrency is a fundamental indicator of its long-term value proposition and potential scarcity.
- Max Supply: 550,000,000,000 DOGS
- Total Supply: 550,000,000,000 DOGS
- Circulating Supply: 516,750,000,000 DOGS (approximately 94% of the max supply)
This high circulation percentage indicates that the vast majority of tokens are already in the market, reducing the risk of significant inflation from future token releases.
Market Capitalization and Trading Volume
Market capitalization and trading volume provide insight into the asset's overall size and liquidity.
- Market Capitalization: $63.89 Million
- 24-Hour Trading Volume: $6.49 Million
- Market Dominance: DOGS currently constitutes 0.00% of the total global cryptocurrency market cap.
Trading volume, which shows the total value of all transactions in a day, is a key measure of market activity and interest. A volume of $6.49 million suggests a active and liquid market for DOGS traders.
Using a DOGS to USD Converter
For investors and observers, converting DOGS value to US Dollars (USD) is essential for assessing worth in a stable fiat currency. Accurate converters use a volume-weighted average price (VWAP) from major global crypto exchanges to provide the most reliable conversion rate. This ensures users get a fair market value rather than a price from a single, potentially unrepresentative, exchange. To view real-time tools for conversion and detailed chart analysis, many platforms offer integrated calculators that update continuously with live market data.
Frequently Asked Questions
What is the DOGS cryptocurrency?
DOGS is a meme token on the TON blockchain inspired by the Spotty mascot. It is designed to be community-focused and is accessible via a Telegram mini-app, making it easy for users to interact with and hold the token.
What determines the price of DOGS?
Like most cryptocurrencies, the price of DOGS is primarily determined by supply and demand dynamics on various exchanges. Factors include overall market sentiment, trends in the meme coin sector, developments within the TON ecosystem, and broader macroeconomic conditions affecting crypto markets.
How can I safely buy and store DOGS?
DOGS can be purchased on supported cryptocurrency exchanges. For storage, it is recommended to use a secure wallet that supports TON-based tokens. Always ensure you are using official websites and verified applications to avoid scams. To explore more strategies for securing digital assets, consult reputable educational resources.
What is the difference between circulating supply and max supply?
Circulating supply refers to the number of tokens currently publicly available and trading on the market. Max supply is the absolute maximum number of tokens that will ever be created for the cryptocurrency. For DOGS, the max supply is fixed at 550 billion tokens.
Has DOGS reached its all-time high price?
Yes, DOGS reached its all-time high (ATH) of $0.00163 on August 28, 2024. The current price is significantly lower, sitting at roughly 92.4% below this peak value.
What is the long-term outlook for meme tokens like DOGS?
The long-term outlook for any meme token is highly speculative and depends heavily on continued community support, viral popularity, and any additional utility or developments introduced by its creators. They are generally considered higher-risk investments compared to cryptocurrencies with established utility and widespread adoption.