Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

OKX to List Telegram-Native Meme Coin DOGS

Source Beincrypto

OKX, one of the top three crypto trading platforms by volume metrics, announced plans to list DOGS meme coin. The token has social media abuzz, with speculation that it will be another one of Telegram’s success stories.

The token’s name and ticker are both DOGS. The logo features an image resembling Spotty, the mascot created by Telegram founder Pavel Durov for the community.

OKX To List DOGS For Spot Trading

With deposits already open, DOGS will be available on OKX for spot trading beginning August 20 at 12:00 UTC and withdrawals the next day. Meanwhile, USDT-margined DOGS pre-market futures will start at 12:00 UTC on August 19, 2024.

Listings on popular exchanges often positively impact market sentiment toward the concerned token. Increased trading activity and liquidity usually contribute to price stability. This could drive up the value of the DOGS meme coin in the long run.

However, some of the gains already made could be wiped out once it launches. This would be in a typical ‘buy the rumor, sell the news’ situation. Investors should brace for such an outcome as hype around DOGS builds.

Read more: 12 Best Decentralized Exchanges for 2024

Crypto markets are buzzing about the token, partly due to its listing, but also because of its integration with the Telegram blockchain, a key factor as the messaging platform advances its Web3 initiatives.

Details about DOGS’ tokenomics are still unclear. However, the team has confirmed a fixed supply, no lock-up periods, majority community ownership, and additional utility within the Telegram ecosystem.

Whether DOGS will join the ranks of Telegram’s successful projects remains to be seen. Previous projects like Notcoin, Hamster Kombat, and Catizen went viral.

Read more: Top 7 Telegram Tap-to-Earn Games to Play in 2024

Historically, community-driven meme coins have demonstrated remarkable price action, with Ethereum’s Pepe (PEPE) and Solana’s Dogwifhat (WIF) standing out as notable examples. DOGS is already showing similar momentum, gaining popularity on X (formerly Twitter) and within a Telegram community boasting over 14.8 million subscribers.

“Pegged as the most Telegram-native memecoin, DOGS seems to have taken the TON ecosystem by storm. It has garnered a massive following despite only being a few weeks old,” OKX noted.

However, since meme coins often mirror broader market sentiment, another market downturn could negatively impact DOGS’ price.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

Author FXStreet

Sep 18, Fri

Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

US to delay new "overcapacity" tariffs on China — what the pause means for trade, inflation and the dollar Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Author Mitrade

Sep 18, Fri

Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Bitcoin squeezes back above $80,000 — 110,000 traders liquidated as the hawkish Fed and CLARITY setback fail to hold it down; is $83,000 next?Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Author Suzie

3 hours ago

Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Popular Symbols