Dogecoin Price Goes Frenzy After Binance Listing
Dogecoin has been in the Cryptocurrency market for years and it was about time we needed it on one of the biggest Crypto exchanges.
Dogecoin is a Cryptocurrency project known for its strong community and active development. Binance, one of the well known Cryptocurrency exchange announced its plan to list Dogecoin on its exchange which leads a massive hike in the coin price.
As of July 05, 2018 the coin surged 35% on the Binance listing news, giving investors additional pairs for trading Dogecoins. In a statement on its official website stated
Binance will list Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX and DOGE/USDC trading pairs at 2019/07/05 12:00 PM (UTC). Users can now start depositing DOGE in preparation for trading.
Cases suggested that Dogecoin was already aiming to list on Binance. Back in April 2019, soon after calling bitcoin “brilliant,” Tesla and SpaceX founder Elon Musk tweeted the following “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” He also briefly changed his Twitter bio to read: “CEO of Dogecoin.”
The news also comes one day after Ethereum Founder tweeted about Dogecoin saying “I'm very pro-Dogecoin.” as an answer to the question regarding his stance on the underlying Cryptocurrency.
As of now users can deposit Dogecoin into their accounts and wait for trading to commence. Dogecoin is among the top 50 Cryptocurrency by market capitalization and is currently traded on more than 50 exchanges.