- Dogecoin takes significant steps towards its increasing popularity as it got another exchange listing.
- The leading Mexican cryptocurrency exchange Bitso now supports this meme cryptocurrency.
- Dogecoin (DOGE) is currently trading at $0.1325 and is up by approximately 1.12% in the last twenty-four hours.
Dogecoin (DOGE) sees another move in its progress. As the leading Mexican cryptocurrency exchange Bitso has recently backed this meme-inspired cryptocurrency.
This was highlighted via a Twitter announcement that notes that Doge was created back in 2013, and it was based on a dog breed called Shiba Inu. Initially started as a meme coin, now it has significant market traction.
— Bitso (@Bitso) May 3, 2022
At the time of writing, Dogecoin (DOGE) is trading at $0.1325 with a market cap of $17,584,925,462. It is up by approximately 1.12% in the last twenty-four hours. The cryptocurrency currently stands at the twelfth position by market cap.
The leading exchange has particularly highlighted that it only supports the tokens that are based on the Dogecoin blockchain.
Doge Into The Dark Waters?
Although this exchange listing is great news for the coin, but it seems like Dogecoin has been losing momentum in terms of value over the last year, which is affecting its investors. As a result, investors are opting to leave Dogecoin in large quantities. The most recent cluster includes 40,000 DOGE holders who left the cryptocurrency.
This happened over the course of ten days, following news that Dogecoin had lost over 700,000 investors. It’s a direct result of constantly shifting pricing, and there doesn’t appear to be any light at the end of the tunnel for the time being.
But still, given the prominence of Dogecoin (DOGE) in the entire cryptocurrency sphere, it is to look forward to how the coin manages to restore investors’ confidence in itself. And Of course, how can we forget that the top Billionaire Elon Musk supports it.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/05/04/doge-gets-another-listing-now-supported-by-largest-mexican-exchange/