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Cryptocurrency News Articles

DOGS COIN: Telegram's Meme-Inspired Cryptocurrency Promises to Shape New Trends in the Digital Economy

Nov 19, 2024 at 08:07 pm

Meme coins, a class of cryptocurrency driven largely by online communities and social media influence, have surged in popularity over recent years.

DOGS COIN: Telegram's Meme-Inspired Cryptocurrency Promises to Shape New Trends in the Digital Economy

Telegram has introduced its own meme-inspired cryptocurrency called DOGS COIN, which has quickly gained attention thanks to Telegram's massive user base and the popularity of pet-themed digital tokens. Built on the TON (Telegram Open Network) blockchain, DOGS COIN has already seen a surge in user adoption. According to CoinMarketCap, meme coins now represent a significant portion of the crypto industry with a total market cap exceeding $15 billion.

As a meme coin, the value of DOGS COIN is largely driven by the power of community support and online engagement. Telegram is directly tapping into this phenomenon by capitalizing on its existing platform. For example, during its initial launch phase, Telegram ran social media campaigns that led to a rapid increase in DOGS COIN’s user adoption. Within the first week, DOGS COIN recorded a transaction volume of over $50 million, showcasing the high level of enthusiasm within Telegram's community.

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News source:breakingac.com

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