After the announcement by Binance exchange that it will soon be listed on their platform, the price of the popular Dogecoin cryptocurrency is surging.
At midday (UTC) Friday, trading will open for dogecoin (DOGE) according to Binance in a support notice.
At launch the exchange will offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), including the stablecoins tether (USDT),USD Coin (USDC) and Paxos standard (PAX). Users are free to start depositing DOGE in preparation for trading, the exchange said.
According to CoinMarketCap data report, the price of Doge has stepped up as the news gave Doge a boost. At press time, The popular cryptocurrency had surged by 37 percent to $0.004306 as at press time.
Binance CEO Changpeng “CZ” Zhao in a tweet , explains the listing as he referenced a popularity saying that :
“I think it was never about the technology for this and this one is an exception, as there isn’t much new technological development. The users/community is large, and a famous “ex-CEO” (cough @elonmusk) helps!”
Tesla and SpaceX founder Elon Musk tweeted “Dogecoin might be my favourite cryptocurrency. It’s pretty cool.” He also briefly Changed his Twitter bio breifly to read: “CEO of Dogecoin.” This was after he referred bitcoin as brilliant back in April.
Credit: Daniel PalmerJOIN OUR COMMUNITY