Resistance Dog (REDO) Meme Coin Review & Analysis: Is REDO A Good Investment In 2024?
By:W, LeahResistance Dog (REDO) is a new meme coin launched in January 2024 as a tribute to Pavel Durov, founder of TON (Open Network and Telegram). The meme coin is a symbol of the fight against censorship and freedom through digital resistance.
After the recent arrest of Telegram’s founder, TON officials replaced it image with REDO to make their point. This not only gave REDO a more practical symbolic meaning, but also sent its price soaring by more than 150%.
Then, what is Resistance Dog (REDO)? Is it a good investment in 2024? Next, let’s take a close look at this meme coin Project.
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Table of Contents
What is Resistance Dog (REDO)?
Resistance Dog (REDO) Development History
Development and Application of REDO Ecosystem
Resistance Dog (REDO) Price Analysis and Prediction
Is Resistance Dog (REDO) a Good Investment in 2024?
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What is Resistance Dog (REDO)?
Resistance Dog (REDO) is a meme coin launched on The Open Network (TON) as a tribute to Pavel Durov’s dedication to digital freedom and resistance against censorship. Designed to symbolize the fight for an open internet, REDO leverages the cultural significance of Durov and his achievements with Telegram.
The meme coin has quickly become a popular choice among TON users, known for its playful yet impactful branding.
From the beginning, REDO Coin lays great emphasis on community and activism. It uses social media like Twitter, Discord, and Telegram to raise awareness, organize events, and build community. As a result, the “Resistance Pack” community grew rapidly.
In addition, meme contests, virtual gatherings, and webinars have helped resistance groups grow. Transparent communication and regular updates from the team build trust and common purpose among members.
With the recent arrest of Telegram founder Pavel Durov, REDO’s defiance is even more apparent, making it likely to be the next TON-based meme coin to explode.
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Resistance Dog (REDO) Development History
To gain a deeper understanding of REDO meme coin, we’ll look at the origins of the REDO icon.
The story of the Resistance Dog dates back to 2018, a pivotal year when Pavel Durov, who was already known for his defiant stance against the Russian regime by then.
At the height of his persecution, as the Russian government sought to censor Telegram and VK (which he also co-founded), that was when he conceptualized the idea of a symbolic dog in a hood. The idea was simple: a representation of the anonymous, resilient nature of digital resistance.
The hooded dog, later known as Resistance Dog, became a rallying point for free speech advocates and the unofficial mascot of Telegram.
REDO Tokenomics
While Resistance Dog has existed for a while, $REDO token was only officially created on the TON blockchain on January 9, 2024, by an anonymous developer. It has a total supply of 100,000,000, and liquidity management lies with the community.
After launching the token, the original developer renounced the contract address and burned the initial liquidity, effectively removing any centralized control over the token’s smart contract. As a meme token, $REDO transactions incur no additional fees beyond the standard TON network fees, promoting free and unrestricted trading.
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Development and Application of REDO Ecosystem
As REDO coin gained momentum, the team focused on expanding its ecosystem and usefulness. Key initiatives include:
- ResistSwap: A decentralized exchange for trading dogecoin and other assets. It emphasizes user experience and security through innovative trading capabilities and liquidity pools.
- ResistNFT: A market for resistance-themed art to buy, sell, and create NFT. It provides a platform for artists to showcase their work to a global audience.
- ResistFi: A set of DeFi solutions including staking, lending and liquidity mining. It allows holders to earn passive income and vote on governance, thereby promoting ownership and community engagement.
- ResistVerse: A virtual world for users to interact, explore, and create resistance-inspired content. It aims to stimulate creativity, collaboration and innovation.
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Resistance Dog (REDO) Price Analysis and Prediction
After the arrest of Telegram’s founder, REDO became a spiritual totem in the “Digital Resistance” movement.
This movement has also driven the price of REDO to skyrocket, making it the leader in the TON ecosystem.
As of writing the article in August 27, Resistance Dog (REDO) is traded at $0.6586, boasting a market cap of $65,824,202, and witnessing a hefty 24-hour trading volume of $14,309,832. REDO saw a 24-hour change of -0.9%, with minor fluctuations of +1.2% in the past hour. Notably, REDO saw a massive price jump of nearly 90% over the past week.
The following sets forth the REDO to USD Chart
Resistance Dog (REDO) Price Prediction
The future of REDO is closely tied to the success of digital resistance and the development of the TON blockchain. As the battle for Internet freedom continues, REDO’s symbolism is likely to grow.
Moreover, if the TON blockchain gains traction, the potential utility of REDO in the ecosystem could unlock new possibilities.
According to CoinCodex, the price of Resistance Dog is expected to rise 213.10% to $2.14 by September 25, 2024. While its long-term price forecast points to a new all-time high of $3.06 by 2025, REDO could hit a price low of $0.682724 if the market enters a bear market.
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Is Resistance Dog (REDO) a Good Investment in 2024?
As of 2024, Resistance Dog is a dynamic project at the intersection of meme culture and decentralized finance. Its continuous development, strategic partnerships and community activities enable it to achieve long-term growth. However, Resistance Dogs have been around for a while, it remains to be seen how much can be achieved.
As meme coins are highly volatile and speculative, investors should pay close attention to the news and updates of $REDO and carefully consider their investment decisions. Thorough analysis and risk assessment is very important to ensure that wise and effective investment decision.
How to Buy the REDO Token?
On August 26, KuCoin exchange announced that Resistance Dog (REDO) get listed on its spot trading platform.
Currently, REDO token is listed on major crypto exchanges like MEXC, KuCoin, Gate.io, BingX, etc., where interested investors can make a purchase.
Unfortunately, REDO is not available on BTCC platform. However, it is worth mentioning that BTCC supports trading for large variety of popular meme coins, such as PEPE, DOGE, SHIB, BONK, etc. If you are interested in these popular meme coins, you can make a purchase on BTCC exchange with highest security level and a most competitive fee.
That’s all information about Resistance Dog (REDO). If you want to know more information about Resistance Dog (REDO) coin and other cryptocurrencies, please visit BTCC Academy.
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