But one thing that we should all keep in mind is that $DOGS is also a meme coin and meme coins cannot be trusted much. It is also possible that contrary to our hopes happen, like other meme coins, it may also deceive us and our money may be lost. Therefore, we should invest in meme coins only as much as we can bear the loss. If you have got the tokens for free from the airdrop or an event, then there is harm in holding a portion of it and see what happens in the coming days.
I agree with you. Although Dogs has successfully listed on some major exchanges but dogs is a meme coin and the fact that they have airdropped so big makes you have to be careful about investing in dogs. I think most of the participants will try to dump their loot on the market. This will affect the price of dogs for some time to come. I did not participate in their airdrop but I have put dogs on my watchlist.
DOGS is dumping in everyday because millions of airdrop participants wasn’t claimed DOGS tokens before exchanges listing, Now they're claiming and sell their tokens so that's affecting on the DOGS price. Yeah, it’s too risky invest in DOGS, because it’s pretty difficult to predict how much it will dump.
With DOGS' current price, I don't think that the DOGS token is dumping. It is a new project, and despite the millions of airdrops that were sold, seeing DOGS with its current price, despite Bitcoin dumping, I would say that DOGS is a strong project. Currently, the reason DOGS is dumping is because of Bitcoin. If Bitcoin starts pumping again, it is very possible that we will see a positive reaction in DOGS' prices. I am not yet saying that DOGS is a strong project, but from my little observation, I view it as not a bad project, unlike many others out there scamming people.Let's just have a little confidence in DOGS if you are still holding it. It may not be a good idea to sell now. Notcoin reacted similarly at first, but after some time, the price eventually pumped despite also dumping for a while now as Bitcoin price is currently down.