Dogecoin Popularity Earns Binance Listing as Price Skyrockets 37%
Everyone’s favourite internet pup Doge and it’s cryptocurrency counterpart Dogecoin (DOGE) is finally going to be listed on Binance.
After making meme lovers and crypto enthusiasts wait for years, Binance finally made the announcement earlier today, confirming the addition of DOGE trading pairs.
#Binance Will Dogecoin ( $DOGE)https://t.co/buj7QF3dGC pic.twitter.com/LNIoLua3l7
— Binance (@binance) July 5, 2019
Binance is set to list five trading pairs for DOGE. These include Binance Coin (DOGE/BNB), Bitcoin (BTC), Tether (USDT), Paxos Standard (DOGE/PAX) and USD Coin (DOGE/USDC).
The exchange will open up deposits and withdrawals to traders starting Friday 5 July at 12:00 GMT. Binance also revealed the lack of a listing fee for the altcoin, at ‘0 BNB’.
Dogecoin, Never About the Tech
Binance CEO Changpeng Zhao highlighted the reason for the cryptocurrency’s listing, stating:
This one is an exception, as there isn’t much new tech development (I guess it was never about the tech for this one). The users/community is large, and a famous “ex-CEO” (cough @elonmusk) helps!
— CZ Binance (@cz_binance) July 5, 2019
Earlier this year, Tesla CEO and SpaceX founder, Elon Musk underlined Dogecoin as his favorite cryptocurrency, stating:
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
The announcement has seen the token surge by 32 percent in the hours following the listing. DOGE is currently trading hands at $0.004276 at the time of writing.
Other notable figures in the crypto community such as Ethereum founder Vitalik Buterin and cybersecurity expert turned crypto enthusiast John McAfee have mentioned Dogecoin in recent days. Vitalic took to Twitter, stating he is “Very pro-Dogecoin.”
I’m very pro-Dogecoin.
— Vitalik Non-giver of Ether (@VitalikButerin) July 4, 2019
Musk takes the cake though, as the Tesla founder went as far as changing his Twitter bio to CEO of Dogecoin back in April.