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Not a Joke: Meme Cryptocurrency Dogecoin Lands on Binance.US

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Thu, 10/24/2019 - 13:56
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Alex Dovbnya
Binance.US lists the first meme cryptocurrency that has turned into a serious digital asset
Not a Joke: Meme Cryptocurrency Dogecoin Lands on Binance.US
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Binance.US, the American arm of the biggest spot exchange in the world, has made an announcement about listing Dogecoin.

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The internet's beloved 'meme cryptocurrency' has been around since 2013. While many coins.come and go, this one has stood the test of time, remaining among the biggest digital assets by market capitalization. 

Billy Markus and Jackson Palmar, the two original developers of Dogecoin, introduced it as a fun alternative to Bitcoin that would be able to appeal to mainstream audiences who are not keen on trying to wrap their heads around the boring crypto OG. 

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New Record: $700 000 000 Traded on Binance's Bitcoin Futures Platforms in One Day

There is a reason why Dogecoin somehow managed to stay through all these years -- under the veneer of frivolity, there is a serious cryptocurrency project. Even Tesla boss Elon Musk says that it's his favorite cryptocurrency. 

Traders also making top dollar on the coin's volatile moves -- its price skyrocketed by more than 60 percent in Q2. 

With the aforementioned listing, the coin now has even more liquidity. 

Meanwhile, Binance US keeps expanding the list of available coins with IOTA and Chainlink also recently being added to the exchange. 

The exchange has recently reached an important milestone, recording more than $10 mln in daily trading volume.

Are you bullish on Dogecoin? Share your take on the comments!

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.