For some weeks, Dogecoin, along with several other altcoins have traded sideways and many recorded losses with minor gains. The crypto community worried about the profuse bleeding of the altcoins and many wondered “will Dogecoin ever go up?” Some recent Dogecoin news 2019 have proved that the fun coin may stand a chance in the tough industry. Can Dogecoin price prediction 2019 of $1 still happen?
Community Members Requested To Be Listed On Coinbase and Binance
Dogecoin has a large community which is closely knit. Members have been urging giant crypto exchanges such as Coinbase and Binance to list Dogecoin on their platforms. One member recently pleaded with both exchanges to list Dogecoin and end the discrimination.
— Samu (@QuodSemper) July 1, 2019
Binance heeded this request and announced on Friday that it was listing the DOGE token on its exchange. This was an exhilarating moment for enthusiasts of the coin as many believe Coinbase would join soon. It also means that the coin may stand a chance to increase its price.
This comes after lots of positive Dogecoin news 2019. Several famous personalities and industry leaders have thrown their support behind Dogecoin. Even though it started as a joke, it has been quite successful. Today, it is one of the most promising projects in the crypto space.
Dogecoin Price Prediction: DOGE Price Spikes by 40% After the Announcement
Dogecoin responded positively to the news as expected. Even before the actual listing on Binance exchange, the coin saw a 40% surge.
— Binance (@binance) July 5, 2019
Binance said trading for the Doge token will open at midday on Friday. The exchange also plans to include various trading pairs. Some include Bitcoin (BTC) and Binance Coin (BNB). Also, it will be adding some stablecoins such as Paxos Standard (PAX), Tether (USDT) and USD Coin (USDC).
At the moment, users can deposit their DOGE tokens until trading opens on the exchange. Coin market cap reports that it is presently trading at $0.004425 with a market cap of $531,921,629. The 24-hour volume of the coin is $129,998,532 and this recent rally doesn’t seem to be going anywhere soon.
Popularity Pushed the Decision By Binance
The CEO of Binance, Changpeng Zhao spoke about the listing and mentioned that the coin’s popularity had a role to play in its listing. According to Zhao,
“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!”
Elon Musk Dogecoin CEO
Recently, the founder of Ethereum, Vitalik Buterin declared that he was a fan of Dogecoin. Also, a few months ago, SpaceX and Tesla founder, Elon Musk spoke about token after calling BTC ‘brilliant’ musk tweeted,
“Dogecoin might be my fav cryptocurrency. It’s pretty cool.” This came after Dogecoin tweeted a poll to elect a CEO and Musk won the polls. He also changed his bio on Twitter to “CEO of Dogecoin.”
John McAfee is another prominent personality supporting Dogecoin. These people are considered big weights in the industry and their support goes to show that the coin has the potential to become a top 20 coin in the nearest future.
If more Dogecoin News 2019 remains positive, the $1 Dogecoin price prediction could happen.