Dogecoin Hits Over 30% Gains Following Binance Listing

Anyone watching the charts today may be lost in the reason why Dogecoin has posted over 20% on a day when Bitcoin is down 7% and the rest of the crypto markets losing over $20 billion in the last 10 hours leading up to press time.

Well, Dogecoin just got listed on Binance, the world’s largest cryptocurrency exchange by trading volume. Binance revealed the new listing in an announcement less than an hour ago from press time, noting that trading pairs of the altcoin would be added simultaneously.

Binance said it did not charge any listing fee.

The announcement read,

“Binance will list Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC trading pairs at 2019/07/05 12:00 PM (UTC)”. 

With trading set to begin a few hours from now, there is apparently increased activity around the altcoin, with traders depositing their tokens on Binance in preparation for trading.

Dogecoin Market Performance — Bullish

Long term holders of the crypto would have larger profits in the bag after the altcoin in the last 24 hours surged from $0.003 to $0.004 in less than an hour. 

Dogecoin Binance

That move means that roughly $100 million has been injected into the altcoin’s market cap, but also leaves the door open for further highs or a dip as traders interest cools off. During its all-time high in late 2017, Dogecoin hit $0.017.