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.

Elon Musk also praised the coin, and its value again skyrocketed afterwards. The founder of Dogecoin, Jackson Palmer, even said that he is ready to sell the coin for the staggering amount of $4.2 billion.

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