Dogecoin (DOGE), the 27th largest cryptocurrency is arguably the highest performing altcoin at the moment in the crypto market. Its recent price spike makes it evident that Altcoins have their good days, and can make awesome gains for their dedicated investors. Amidst Binance announcement of listing Dogecoin, its market price suddenly experienced a significant surge.
Investors and enthusiasts in the crypto sphere normally wish the listing of their favourite digital currencies on major exchanges such as Binance, Coinbase and others. Such listings usually have positive impact on the prices of cryptocurrencies listed.
Few hours ago, Binance announced its intention to list Dogecoin (DOGE). According to the announcement, the exchange will open trading for DOGE/USDC, DOGE/BTC, DOGE/BNB, DOGE/PAX and DOGE/USDT trading pairs on 5th July 2019, at 12:00 PM (UTC).
The exchange also informed crypto investors and traders with Dogecoin (DOGE) to start making deposits as a preparatory measure for trading.
Instant Impact of Listing Announcement Made By Binance on Dogecoin (DOGE)
Dogecoin (DOGE) is popularly known as meme coin. The originator of the coin has since exempted himself from it, but this has not deterred the consistent growth and development of the digital currency.
The cryptocurrency experienced a significant price spike as soon as the announcement of its listing was made on the Binance exchange’s official website. At the time filing this report, Dogecoin (DOGE) is trading at $0.004239, with relatively 31% price increase in the last 24 hours.
Past Listings That Aided the Growth of Dogecoin (DOGE)
Dogecoin (DOGE) continues to soar in popularity and exposure. The importance of its utilities keeps setting it apart in the mist of other digital currencies. It has bagged outstanding listings in the past, and there are indications that more could follow subsequently.
Sometimes in May 2019, a US-based cryptocurrency exchange, Coinbase added Dogecoin (DOGE) to its trading wallet, which consequently improved its usability, as its holders were opened to more means of buying and selling their choice digital asset.
In another development, Dogecoin was also added to a crypto transaction processing platform in the ending of May, 2019. The Estonia based Paytomat, is one of the leading crypto transaction platforms in Europe. It presently functions in about ten countries of the world.
In conclusion, Dogecoin (DOGE) has kept its daily growth consistent, and this is indeed enhancing its impressive performance in the cryptocurrency market lately. More achievements can only be expected of the digital coin that is more like unsung hero among other top cryptocurrencies.