Doginal Dogs Prints All-Time High Floor Price Amid Crypto Rally

Doginal Dogs has reached an all-time high floor price of $4,000 in USD and 44,000 DOGE as the crypto market rallies. This milestone is a testament to the collection's design and operation, which sets it apart from other NFTs.

The free mint on January 11, 2024, inscriptions on Dogecoin, and official trading on market.doginaldogs.com have contributed to the collection's success. Co-founders Christian Barker (Barkmeta) and David Chaboki (Shibo) have maintained a single rail, with no second collection diluting the original 10,000 pieces.

Doginal Dogs leads major NFTs in performance, chain role, daily media, and physical events. The collection's concentration on Dogecoin has created a token sink effect, where demand for the dogs pulls up the base asset. This is in contrast to Ethereum-based collections that split attention across multiple large products.