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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.
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Giorgi Mikhelidze
Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he’s now covering crypto news for high authority websites with the tip learned from past experience, “Whenever you see people talking about the weakness of your idea, don’t see it as criticism.”
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