Dogecoin (DOGE) Listed on Top Indian Exchange, DOGE to Rally?

Canine-themed memecoin Dogecoin (DOGE) has gained additional exposure with a new listing on Flitpay, an Indian cryptocurrency exchange.

Dogecoin Now Available on Flitpay

Based on a new exchange listing, DOGE is now available for deposit and withdrawal on Flitpay. The exchange confirmed the news of the listing with a post on the X app. Customers who make a deposit now are eligible to receive a 1% assured bonus on their funds. 

In addition, Flitpay pay urged users to repost the news about Dogecoin listing on its platform, tag their friends and stand the chance of receiving up to 20 DOGE tokens each as reward. It is worth noting that this is only one of the many milestones that Dogecoin hit in the last few months. 

Amidst the festivities of last month, leading cryptocurrency exchange Binance announced new margin trading pairs for Dogecoin (DOGE) alongside Cardano (ADA), Avalanche (AVAX), and Polygon (MATIC). To complement these moves in December, the price of the memecoin jumped significantly, marking the biggest surge since the Q3 rally kicked off in October.

Dogecoin (DOGE) Ecosystem Sees Rise in Activity

Similarly, the DOGE ecosystem saw up to five million addresses with balances and a massive increase in transactions. It is believed that this sudden surge in activity triggered the noticeable price jump. Recently, there has been a slight fluctuation in the price of the dog-themed memecoin, tending towards a price dip. 

However, experts believe that the price plunge is an indication that a significant percentage of Dogecoin holders are currently profitable. Notably, this is a situation that has not taken place since the first week of November 2023. This new level may also imply that Dogecoin use cases and adoption is gradually expanding. 

DOGE now has a market capitalization of over $11.41 billion, making it the tenth largest cryptocurrency. At the time of this writing, the coin has a market value of $0.07818, after losing 2.38% of its worth within the last 24 hours. This price teases a reversal rally with a 30% upside potential, per the opinion of some market market analysts. 

There are numerous predictions that the memecoin will see new levels but at the same time Dogecoin whales have kept themselves busy with transferring their huge holdings. In all, the Flitpay embrace marks one of the fundamentals driving the optimism that bright bullish trends might be underway for Dogecoin (DOGE).