Support to Rapidly Rising Dogecoin from Giant Bitcoin Exchanges!
Binance, Bitfinex and Okex added more ways to trade the popular token, taking advantage of the recent increase in Dogecoin’s (DOGE) popularity.
First Move From Binance
First, Binance announced the launch of continuous DOGE / USDT contracts with up to 50x leverage on its derivative platform Binance Futures. The product will be available to users on July 10.
— Binance (@binance) July 9, 2020
Second, OKEx has added support for DOGE trading in the spot margin trading section and savings service. On July 10, the platform will launch a permanent DOGE / USDT trade with up to 20x leverage .
Third, Bitfinex has announced that DOGE is listed in MegaDogecoin (MDOGE) format, which equals one million DOGEs on its platform. The current stock exchange rate lists this MDOGE at around $ 4,640.
. @Dogecoin is landing on Bitfinex as MDOGE (MegaDogecoin), with a conversion rate of 1 million.
Deposits will open on July 10th at 7:30 AM UTC, trading and withdrawals will start an hour later.
Available pairs will be DOG/USD, DOG/UST and DOG/BTC. https://t.co/j4WB76g1A4 pic.twitter.com/d3v7lFif36
— Bitfinex (@bitfinex) July 9, 2020
Who Affected DOGE’s Rise?
A single viral TikTok video has already increased to increase DOGE by 43% yesterday. This uptrend has raised the token price to its highest point since 2018. Today, the token is traded around $ 0.0045, an increase of approximately 20%. Still, there’s still a long way to go for the $ 1 price of the video’s creators.
According to CoinMarketCap, DOGE is now among the top cryptocurrencies since July 5, with market value including Compound (COMP), Basic Attention Token (BAT), Kyber Network (KNC) and Aave (LEND). ranks.DOGE’s victorious march was not noticed. For example, Jason Williams, co-founder of Morgan Creek Digital, stated that he had bought DOGE on Twitter and asked Jack Dorsey when the emoji would arrive.
— Jason A. Williams “Parabolic Guy” (@GoingParabolic) July 9, 2020