DOGS Token Defies Market Downturn, Rallies 16.5% Amid Binance Carnival and TON Ecosystem Momentum

DOGS token has posted its third consecutive day of gains, defying a broader market downturn triggered by heightened recession concerns following the U.S. jobs report.

DOGS token price today saw a slight uptick as part of a broader market downturn following the U.S. jobs report.

The token price increased by 0.03% to reach a peak of $0.0011 today, up from an opening price of $0.0009. This marks a 16.5% increase from its weekly low of $0.0009 and a 33% decrease from its all-time high of $0.0016.

DOGS token price today defied the broader market downturn. CryptoSlateチャートより画像をキャプチャ

The price performance stands in stark contrast to that of major cryptocurrencies. Bitcoin price dropped by 4.85% to slip below $54,000 for the first time in a month. At the same time, Solana price decreased by 2.98% to fall below $130.

Overall, the global cryptocurrency market capitalization now stands at $1.92 billion, down from an all-time high of $3 trillion. The crypto fear and greed index also slipped to 30 from 35 on Friday, indicating rising market pessimism.

The token also saw increased trading activity in both the spot and futures markets. According to data from Coinglass,飆升至 1 억 2,400 만 달러로 9월 3일 이후 가장 높은 수준을 기록했습니다. 또한 스포트 거래량은 5억 4천1백만 달러로 지난 8월 31일에 마지막으로 기록된 수준입니다.

A key factor driving the token’s performance is Binance’s ongoing Carnival, which aims to boost trading activity by offering traders 40 million DOGS and 5 million NOT tokens. The event has spurred participation in both spot and futures markets.

Binance is offering 40 million DOGS tokens as part of its Carnival event. 크립토슬레이트 차트에서 이미지를 캡처했습니다.

As part of the Carnival, Binance is offering traders 100 DOGS tokens for every BTC futures contract traded, up to a maximum of 20,000 DOGS tokens. The exchange is also offering 200 DOGS tokens for every ETH futures contract traded, with a maximum of 20,000 DOGS tokens.

In the spot market, traders can earn up to 5,000 DOGS tokens by trading at least 500 DOGS tokens on Binance. The event began on September 12 and will conclude on September 17.

The broader TON blockchain ecosystem also contributed to the token’s upward momentum, especially following a statement by Telegram founder Pavel Durov after his arrest. Toncoin price increased by 1.67%, while Notcoin saw gains of over 2%.

Durov, who faces charges related to facilitating illegal activities via Telegram, expressed surprise at the indictment in a statement on his Telegram channel. He highlighted the company’s cooperation with European law enforcement, particularly in combating Telegram channels used by extremists.

The above is the detailed content of DOGS Token Defies Market Downturn, Rallies 16.5% Amid Binance Carnival and TON Ecosystem Momentum. For more information, please follow other related articles on the PHP Chinese website!