Dogecoin is again in the top news in the cryptocurrency market and this time the reason is that the currency has been registered to Binance Exchange, one of the leading industry in the cryptocurrency market.
The Dogecoin was created back in 2013, and firstly no one took the currency seriously. Then all the sudden the currencies has become of the favorite among the crypto community and investors. Popular people like Tesla’ CEO, Elon Musk and the McAfee security’s John McAfee has praised the currency on social blogging site Twitter.
The registering of the Dogecoin by the leading cryptocurrency exchange has surged the value of the Dogecoin by 33%. Currently, Dogecoin is trading at the value of $0.004470 and its value is increased by 33.88%. The market capitalization of the currency is $537,425,682 USD. Binance has declared that the Dogecoin trading pair will be available to the customer on July 5, 2019, at the 12:00 UTC.
The CEO of the Binance Exchange, Changpeng Zhao (CZ), stated that this comes as an exception because in recent years there has not been any active development.
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
In the month of April this year, Elon Musk has tweeted about Dogecoin and its become very famous on Twitter and in the crypto community. He tweeted, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
The tweet instantly become famous and it got more than 10,000 replies, likes and, retweets. After the expected response received by people, Elon Musk jokingly changed his Twitter profile stating that ‘he was the CEO of Dogecoin’.
The currency is ranking at the 27th position in the cryptocurrency market and it has passed the currencies such as Qutm and Bitcoin Gold today.