Binance lists Dogecoin, coin’s value soars

Binance recently listed Dogecoin, Elon Musk’s favorite altcoin. Back in 2018, Leaprate reported the story of Dogecoin – an alt coin created as a joke, it reached a market cap of $2 billion in the beginning of 2018.

Dogecoin was created as a joke to mimic the 2013 meme of a dog that went viral within months. Now, the digital currency with a face of a dog on it, has a total market cap of $2 billion. The currency was introduced in 2013, and in 2014, the total market cap of the coin was around $60 million and in December, 2017 – $1 billion.

Now, Binance has announced that it will list Dogecoin. The moment the news broke, the value of the alt coin surged with almost 40%. The other reason for the increase in price is the support that the founder of Ethereum, Vitalik Buterin, expressed regarding the coin, tweeting: “I’m very pro-Dogecoin.”

At launch, Binance offers trading pairs for DOGE against Bitcoin and Binance Coin, together with the following stablecoins: PAX, USDC and USDT.