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Cryptocurrency News Articles
DOGS (DOGS) and Notcoin (NOT) to Burn $4 Million Worth of Unclaimed Tokens, Sparking Price Rally Speculation
Oct 09, 2024 at 11:43 am
Despite recent struggles, as reported by CNF, DOGS (DOGS) and Notcoin (NOT) are set to burn $4 million worth of unclaimed tokens
Both tokens will burn a portion of their unclaimed Telegram airdrop tokens, with the remaining tokens being allocated to charity.
The event, which will see both tokens burn $4 million worth of unclaimed tokens from their Telegram airdrops, is set to take place on October 9.
According to a recent post on CNF, both tokens are preparing for the highly anticipated token burn, which is expected to generate excitement within the community.
The token burn, which will see both tokens permanently remove tokens from circulation in an effort to reduce supply and increase scarcity, will be streamed live on X (formerly Twitter) at 1 p.m. UTC.
Both tokens are preparing for the highly anticipated token burn, which is expected to generate excitement within the community.
The event, which will see both tokens burn $4 million worth of unclaimed tokens from their Telegram airdrops, is set to take place on October 9.
According to a recent post on CNF, both tokens are preparing for the highly anticipated token burn, which is expected to generate excitement within the community.
The token burn, which will see both tokens permanently remove tokens from circulation in an effort to reduce supply and increase scarcity, will be streamed live on X (formerly Twitter) at 1 p.m. UTC.
Price Predictions for DOGS and Notcoin: Poised for a Rally?
Currently, both tokens are experiencing varying price movements.
DOGS is trading at $0.0007211, showing a decrease of 0.88% in the past day but an increase of 11.35% over the past week.
Despite being down about 55% from its launch price, there’s an optimistic sentiment in the market.
Notcoin, on the other hand, is trading 46% below its all-time high.
Despite these setbacks, community sentiment has grown more bullish in anticipation of the token burn.
Notably, the community decided not to burn all unclaimed tokens, instead allocating a portion to charitable causes, reflecting a preference for long-term growth over immediate financial gains.
Technically, DOGS’ price is trying to break out of a descending triangle on the 4-hour chart.
If successful, DOGS could rally to $0.00088 and potentially hit $0.0010. If it fails, the price might fall back to $0.00068. Similarly, Notcoin is looking to break above $0.0085, with potential targets at $0.011 or even $0.014. However, failure to rise could see its price drop to $0.0072.
Earlier discussions in a CNF post noted that DOGS and Dogecoin had price stagnation due to a large transaction from a DOGE whale into RCO Finance.
Currently, Dogecoin (DOGE) is trading at $0.109, down 0.41% for the day but up 0.59% for the week.
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