Dogecoin lists on Binance exchange (So Much Wow)

Binance, the world’s most popular cryptocurrency exchange, today listed the world’s most popular joke crypto, Dogecoin.

- Advertisement -

The announcement comes the day after Ethereum cofounder, Vitalik Buterin came out as a Dogecoin supporter. Asked his opinion on Twitter, he replied: “I’m very pro-Dogecoin.”

Buterin’s ringing endorsement and the subsequent Binance listing generated so much wow (as Dogecoin fans would put it) that Dogecoin’s price rose over 36 percent in 24 hours, according to data from price-tracker, CoinMarketCap.

Announcing the listing on Twitter, Binance CEO, CZ waved off criticism about Dogecoin’s technical merits.

Earlier this year, Elon Musk also took to Twitter to declare “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” He also, briefly, changed his main Twitter page to read “Dogecoin CEO.”

The crypto was subsequently listed on the Huobi exchange. 

The Binance listing—which, unusually, comes with no fee attached—is a major plus for the peer-to-peer currency, which is modelled on a meme-dog, the Shiba Inu. The listing means that Dogecoin is now supported by two of the world’s major exchanges. 

- Advertisement -

In May, Coinbase added support for the crypto via its Coinbase Wallet. But while rumors of a Coinbase listing have been circulating for some time, they’ve yet to materialise. 

Dogecoin dev, Maximilian Keller, told Decrypt back in May “We did try to get in contact with [Coinbase], but not very seriously. Integration into their wallet, that just happened out of the blue, pretty much.” 

The community has been a great source of strength for the cryptocurrency, together with the sterling team of volunteer developers who were left behind after Dogecoin was abandoned by its co-creator, Jackson Palmer. 

- Advertisement -

The Australian technologist originally conceived the crypto, as a joke in 2013— a riposte to bitcoin and the upswell of investment in crypto. He left to pursue other interests and has no regrets, he told Decrypt in an interview last year. 

Binance also marked a milestone today. The listing announcement comes on the same date that it reaches one million Twitter followers. 

 

Source

Previous Articles:

- Advertisement -

Latest

Michael Saylor Invites Joe Rogan to Discuss Bitcoin on Podcast

Michael Saylor has shown interest in discussing Bitcoin on The Joe Rogan Experience podcast.The idea has generated excitement in the Bitcoin community, with some...

Congress Debates Stablecoin Bill Amid Rising Bank and Crypto Tensions

U.S. lawmakers are moving forward with the Senate Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with debates set to resume after...

American Engineer Drugged, Robbed in Sophisticated London Crypto Heist

An American software engineer lost approximately $123,000 in cryptocurrency after being drugged and robbed in London.The victim was targeted by an impersonator posing as...

Max Keiser Doubts New Bitcoin Treasuries’ Discipline in Bear Market

Bitcoin-focused companies are increasingly copying the treasury strategy used by Michael Saylor's Strategy.Max Keiser raised doubts about whether these newer companies can maintain commitment...

South Korea Election Puts Crypto Policy at Center of Debate

Nearly one-third of South Koreans hold digital assets, making crypto a vital issue in the upcoming presidential election.Both major parties support crypto exchange-traded funds...

Must Read

What Is a Sim Swap Hack?

You've likely heard the term 'sim-swap,' but do you really know what it means? It's a type of fraud that's rapidly increasing, where scammers...