Ever since the Dogecoin Amazon t-shirt was designed, Dogecoin has been trending on search engines. The Dogecoin Amazon petion even got more than 20000 signatures. While many factors helped Dogecoin gain popularity, the Dogecoin news update that caused the price to spike was the Elon Musk endorsement along with the Huobi listing. The moon Dogecoin rally was amazing and it contributed to promoting the Dogecoin news 2019. Now, in another unexpected turn of events, one of the largest cryptocurrency exchanges in the world, Huobi has listed Dogecoin. Leaving us to ask, will Dogecoin go up?
Dogecoin News 2019 – Dogecoin News Update – First Dogecoin Amazon Now Dogecoin On Huobi – Will Dogecoin Go Up?
Getting listed on major cryptocurrency exchanges is a catalyst that drives adoption for cryptocurrencies and gives them an extra layer of credibility. Traders and investors would be more likely to add a given cryptocurrency to their portfolio if it is listed on major exchanges. So, the Dogecoin Amazon hype and the Elon Musk moon Dogecoin rally aren’t the only things that are giving Dogecoin credibility.
Per the announcement on Huobi, Dogecoin would be paired with BTC, ETH and USDT. The official website stated;
“We are happy to announce that deposit, withdrawal and trading of Dogecoin (DOGE) are now available on Huobi.com, supported trading pairs include DOGE/BTC, DOGE/ETH and DOGE/USDT.”
It also stated that HBUS is making plans to launch a Dogecoin promotional campaign. The Dogecoin news 2019 couldn’t get any better. The exchange will share more information about the Dogecoin campaign on social media. In the announcement, Huobi also reminded new users of the need to verify their accounts before they can start trading. It stated;
“Important: In order to trade DOGE, new users must register an account on www.huobi.com and pass either Level 1 (for US users) or Level 2 (for Chinese users) Verification via the “Verification” tab in the User Center.”
With This Positive Dogecoin News Update, Will Dogecoin Go Up?
The straight answer to this question is yes. Dogecoin has the potential to skyrocket. This can be proven by the Elon Musk Dogecoin news update that ignited a Dogecoin price rally after the CEO of Tesla suggested that the cryptocurrency has a bright future. Taking to Twitter, Musk said;
“Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
Following this endorsement, the market capitalization of Dogecoin gained over $70 million taking it well above $400 million. At the time of writing, however, the price of Dogecoin coin was correcting lower against the USD. Per CoinMarketCap, it was trading at $0.003513. This means that it is down by 4.19% against the USD and down by 3.07% against BTC. The trading volume over a 24 hour period is $145,196,305 and the market capitalization is $417,873,095.
Bitcoin (BTC) Price Today – BTC / USD
The price of Dogecoin surged right after Musk gave his endorsement and Huobi listed the DOGE token. The entire cryptocurrency market was also recovering at the time. So, it’s hard to determine which specific catalyst was responsible for the spike. However, it’s also possible that the price of Dogecoin went up due to a combination of factors.
What do you think about the Dogecoin news update today and the Dogecoin news 2019? Will Dogecoin go up? Is Dogecoin worth an investment? Kindly share your thoughts in the comment section.