Dogecoin (DOGE), one of the popular cryptocurrency and a favorite coin of Elon Musk is quickly soaring 32% higher within the past 24 hours. The surge is seen after the largest cryptocurrency exchange, Binance announces the listing of Dogecoin on July 05, 2019.
Dogecoin Price Surges Higher
According to the announcement, the exchange will list Dogecoin in pairs of multiple cryptocurrencies – including Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), Paxos standard (PAX) and USD Coin (USDC). The exchange will let DOGE open for trading at midday (UTC) Friday.
— Binance (@binance) July 5, 2019
Following the announcement, Dogecoin spikes higher and at the current time, the coin is soaring with 32.82 percent over the past 24 hours. According to the data from coinmarketcap, DOGE is currently standing at the 27th spot with trading value $0.004283 against USD and total market cap $514,856,963.
Concerning the announcement, Binance CEO Changpeng Zhao, CZ posted a tweet, mentioning the name of Tesla’s CEO Elon Musk;
“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!”
To remind, Elon Musk was briefly changed his Twitter bio and renamed it “CEO of Dogecoin” in earlier April. He later modified it to “Ex-CEO of Dogecoin”. Moreover, meantime, he also commented that Dogecoin might be my favorite cryptocurrency. It’s pretty cool.
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
Beside Elon Musk, Ethereum co-founder, Vitalik Buterin appeared to be fervent about Dogecoin. Subsequently, while responding to a user’s comment who asked Buterin’s thought on Dogecoin, he says that he is a very pro-Dogecoin.
I'm very pro-Dogecoin.
— Vitalik Non-giver of Ether (@VitalikButerin) July 4, 2019
So readers, what’s your take on Binnace’s decision of listing Dogecoin and the price surge of DOGE coin.? Let us know in the comment below
Image source – Shutterstock
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com