CandleFocus

DOGS Token Plunges 8%, Telegram Crypto Downturn Continues

Author: Content Editor
DOGS (DOGS), a meme coin built on The Open Network blockchain, has experienced an 8% decrease in the last 24 hours, influenced by the wider decline in crypto tied to the messaging platform, Telegram. DOGS relies on Telegram's user base for new users. The price of DOGS is currently $0.0009218 with a trading volume down 27.57% to $193 million. DOGS's market capitalization is approximately $476.34 million, placing it as the 122nd largest. Over 3.65 billion DOGS tokens will be unlocked on September 26th, which may impact the coin's price. Other Telegram-based tokens, such as TON and NOT, have also seen a decline. TON dropped 4.43% in the past 24 hours and is now at $5.51, while NOT fell by 7% and is trading at $0.007496. DOGS, TON, and NOT have all experienced significant drops in the last 30 days due to the arrest and subsequent release of Pavel Durov, the founder of Telegram. The accumulation of DOGS tokens has been decreasing, indicating low investor interest. The Relative Strength Index (RSI) is at 37.48, suggesting that sellers are in control and lower prices may be expected in the near future.

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