Well, in the world of cryptocurrency nothing stays fixed for long and now there’s a new contender on the block in a very fresher form of DOGE tokens. NOTDOG ranking #4517 in the crypto market is slowly taking the community by storm as it brings fun to investing in tokens.
The current value of NOTDOG is $0.051725, which has, however, increased by 3.42 percent 24 hours within the next day. This upward movement has attracted the attention of both the commonly known crypto enthusiasts and traders who are often on the lookout for breakout coins.
Not requiring the use of NOTDOG it has a market capitalization of $172450 but not owns the aspect of maturity as the other cryptocurrencies. But, the 24 hours trading volume of $17,640 shows more acceptance and even trading depth of the token. Another test determining its trading activity against its total market capitalization is its volume to market cap ratio of 10.23 %.
Probably, one of the most exciting subjects of NOTDOG is tokenomics. Not only does NOTDOG’s total supply stand at 100,000,000,000 NOTDOG, but this is also the maximum total supply for the project. Notably, the entire supply is said to be available now; hence, the risk of future dilution, which some cryptocurrencies are subject to because of gradual emission, is eliminated.
The name “NOTDOG” itself is a clever play on the numerous dog-themed cryptocurrencies that have gained popularity in recent years. Deep down, NOTDOG wants to occupy a different segment of the meme coin market, which is why it actively presents itself as the exact opposite of all these tokens.
Despite the fact that many meme coins are criticised for their lack of real-world application, they perform extremely well in terms of developing communities and encouragement for the cryptosphere. I believe that NOTDOG will primarily thrive heavily on its community’s active participation as well as, possibly, finding other applications besides hypothetical ones.
Like most of the cryptocurrencies including those that can be classified under the meme coins bracket, potential investors should tread carefully when dealing with NOTDOG. These are usually highly speculative because it’s quite often that one can see major shifts of a short time span. Also, meme coins are long term sustainable if the communities are interested and the prices are dynamic according to the market trends.
Nevertheless, the data derived from NOTDOG revealed that it is interested in at least some portion of the crypto trading community as both price and volume have recently surged. However, as the token grows further, it will be equally important to observe how it diverges from other meme coins and how it plans to maintain the same level of growth in a highly saturated cryptocurrency market.
Until that changes, NOTDOG is just another hope in the pile of decentralized tokens on the horizon. Its future will be dictated by such factors as the development of the community, possible cooperation, and work within the crypto-market regarding tokens based on memes. The rest of the NOTDOG or any other altcoin trader is advised to do their due diligence and follow their risk management strategy as they invest.
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