Dogecoin, the Litecoin fork cryptocurrency, is now in the spotlight as it paces towards substantial adoption with the multifaceted glorifying news.
The favorited meme-coin will soon be making its debut into another U.S.-based exchange, courtesy of an announcement by Binance in the early hours of the day. Binance today, Thursday, October 24, declared that it will list Dogecoin (DOGE) crypto asset on its platform.
Binance noted that it will make the crypto asset available for trade under DOGE/USDT trading pair. Once the listing is made live at 1:00 UTC, users will be able to deposit DOGE asset, however, withdrawal will be initiated as soon as trading goes live.
Furthermore, the development is happening a few days after Safepal announced support for Dogecoin. The cryptocurrency wallet that boasts of offering a secure and easy way to store and manage cryptocurrency declared the support on October 15.
“SafePal is now officially supporting Dogecoin!”
Safepal claims to be the first hardware wallet that has the support of Binance Labs.
Dogecoin Maturating Towards Ceiling
A maturating move has been noticed in the trend of Dogecoin after the development. Dogecoin was earlier swinging along with other cryptocurrencies in the market with red indication. The table looks turned around after the announcement. Dogecoin is now on the upside trend of the market with 2.62% added value in the last 24 hours as 90% of assets tanks.
Similarly, the cryptocurrency is also trading high against BTC. At press time, a unit of Bitcoin is valued $0.002539, and the meme coin has added 5.94% value against the leading crypto.