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$DOGS Can it rise again? The answer is no!
The TON ecosystem's launch order has revived DOGS, which also means that DOGS's short-term price trend is almost entirely dependent on whether the TON ecosystem can maintain positive market expectations.
But the problem is that the TON public chain is also facing capital outflow pressure, with a net outflow of about $11.1 million in a single day.
DOGS's market cap is even more outrageous—$300 million, with $55 million fleeing in five days.
The main players and some large holders inside the market have not chosen to continue adding positions to push the trend but have started gradually withdrawing chips.
DOGS's funding rate has also shifted from a positive rate to negative, which is usually a sign that market expectations are turning downward.
A deeper issue is that DOGS has a past record; previously, it pumped up prices and then dumped without any project team responding to user losses.
Plus, the memory of the previous TON infrastructure collapse may be reawakened by the market at any time.
Considering all factors, the bearish outlook seems stronger.
Brothers, what do you all think? Let's discuss together.