$DOGS Sell or Hold ? | Dogs token price prediction🦴

Summary

The video discusses the token launch of 'Dogs Token' on August 26th, addressing concerns about airdrop selling strategies. It highlights the potential impact of Telegram CEO Pavel Durov's arrest on the market and advises viewers on how to manage sell pressure post-launch. The speaker shares personal strategies, such as selling a portion of tokens at launch and repurchasing at a lower price if the market drops. The summary also covers the process of converting tokens to real money through centralized exchanges and P2P transactions, emphasizing the importance of tax compliance.

Takeaways

• 📅 The Dogs token launch is scheduled for August 26th at 5:30 p.m. Indian time.
• 🔒 The total supply of Dogs tokens is 550 billion, with around 400 billion tokens distributed to the public.
• 📉 The arrest of Telegram CEO Pavel Durov has caused a significant drop in the price of TAON, which might affect the Dogs token market.
• 💡 The speaker suggests analyzing the market carefully before deciding to sell or hold the Dogs tokens for potential returns.
• 🚀 Most of the tokens are likely in Telegram wallets or centralized exchanges, and they will be available for trading on the 26th.
• 🤔 The speaker anticipates a possible sell pressure on the Dogs token due to the influx of new airdrop hunters in the Telegram ecosystem.
• 📉 Historical data from the launch of the NCoin suggests a potential 50% drop in price after the token launch, which could be a similar scenario for Dogs.
• 💸 The speaker plans to sell most of their Dogs tokens at the time of the launch and buy back at a lower price if the market drops.
• 💡 Two suggested strategies are to either sell 50% of the tokens at launch or wait for a potential drop to buy more.
• 💼 For converting Dogs tokens to real money in India, the speaker recommends transferring tokens to a centralized exchange, selling for USDT, and then conducting a P2P transaction.
• 🔒 The Dogs wallet offers a staking campaign with a 300% APY incentive to manage sell pressure and lock user funds until the end of August.

Q & A

What is the date and time of the Dogs token launch?

The Dogs token launch is scheduled for the 26th of August at 5:30 p.m. Indian time.

What is the total supply of Dogs tokens and how much will be distributed to the public?

The total supply of Dogs tokens is 550 billion, with approximately 400 billion Dogs tokens to be distributed to the public.

Where are most of the distributed Dogs tokens currently located?

Most of the distributed Dogs tokens are currently in the Telegram wallets or centralized exchanges such as Binance, OKX, and Buyit.

What is the potential impact of the Telegram CEO's arrest on the Dogs token launch?

The arrest of the Telegram CEO could create fear, uncertainty, and doubt (FUD) in the market, potentially leading to a price drop for the Dogs token after the launch.

What is the typical behavior of airdrop hunters when they receive tokens for the first time?

Airdrop hunters are usually fascinated when they receive tokens for the first time and often try to sell them, creating sell pressure on the token launch.

What was the initial price of NCoin after its launch and what happened to it within the first few days?

The initial price of NCoin after its launch was 0.01, but within 2 to 3 days, the price dropped by around 50% to 0.005.

What strategy is suggested for managing the potential sell pressure after the Dogs token launch?

The suggested strategy is to sell some portion of the Dogs tokens at the time of the launch and then buy back at a lower price if the market experiences a significant drop.

How can one withdraw the Dogs tokens into real money in India?

To withdraw Dogs tokens into real money in India, one can send the tokens to a centralized exchange, sell them for USDT, and then conduct a P2P transaction to convert the USDT into INR.

What is the process of selling Dogs tokens through a wallet if one does not have a centralized exchange account?

If one does not have a centralized exchange account, they can use the exchange feature within their wallet, convert the tokens into USDT, and then sell the USDT through the P2P market.

What is the 'Wallet Earn' campaign offering for staking Dogs tokens?

The 'Wallet Earn' campaign is offering a 300% APY for staking Dogs tokens until the 31st of August, which is a way to manage sell pressure during the token launch.

What is the importance of paying taxes on profits made from token sales?

Paying taxes on profits made from token sales is important as it ensures compliance with financial regulations and avoids potential legal issues.