Dogecoin has just been listed on one of the most popular cryptocurrency exchanges. Binance announced about the listing today and hoped that the coin would be a great addition for its customer base and judging by the price surge it definitely was a good decision.
Dogecoin was pretty much immediately created after Bitcoin first appeared on the market. The coin debuted itself in 2013 and was modeled around an internet meme of a Shiba Inu dog, which is a Japanese breed. The meme used to be quite popular on platforms like Reddit and Twitter, so the coin quickly took of.
After being priced as low as 1/100th of a cent, the coin managed to reach heights such as nearly $0.2 during the 2017 crypto craze.
The listing did to DOGE exactly what the Walmart partnership did to VET and now the coin has surged more than 18% within just a couple of hours.
It’s likely that the price will correct itself in the near future unless Binance traders support it with increased trading volume, which is quite unlikely.