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Binance to List DOGE, Meme Coin is Up 28 Percent Already

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Fri, 07/05/2019 - 09:35
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  • The crypto trading ‘monster’ Binance finally lists Dogecoin despite the fact that the platform gets no new developments

Cover image via 123rf.com
Contents

This morning, Binance has announced in its blog that it plans to add trading pairs based on the Dogecoin (DOGE) soon. The meme coin price has jumped almost 30 percent on the news.

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Dogecoin ‘approved’ by Binance’s CZ

Over the last 24 hours, DOGE has demonstrated a rise of $2.2 bln in trading volume. The recent blog post by Binance promises that DOGE will be traded in pairs against BTC, BNB, USDT, USD Coin and Paxos on July 5.

The fee for listing the coin is ‘0 BNB’, which is probably due to the fact that nobody from the team has officially been trying to convince the exchange to list the popular asset.

Besides, in his Twitter post, CZ has referred to listing DOGE as an exception.

The crypto community delighted

In the comment thread, the community posted replies full of excitement and respect to CZ, with some saying that a decent crypto exchange cannot avoid listing DOGE for a long time.

https://twitter.com/cz_binance 
https://twitter.com/cz_binance 

This hype has made Dogecoin surge by nearly 30 percent by now, still staying out of the top-twenty coins’ list though.

CoinMarketCap.com
CoinMarketCap.com

Dogecoin favoured by Buterin, McAfee and Musk

Recently, two crypto industry big-names admitted they are ‘pro-Dogecoin’. Those are Vitalik Buterin and John McAfee on the run from the IRS and CIA contractors.

There was also Elon Musk who on April 1 was selected as a ‘new CEO’ for Dogecoin by the project’s founder.

It is not clear yet, why Binance decided to list DOGE in the first place, but one of the possible reasons is the immense love the community has towards this joke coin.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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