Dogecoin, a cryptocurrency with a dog motif, has received a significant new listing. Since its launch in 2013, the dog coin has had a sharp increase in use and acceptance. Bitflyer, one of the biggest cryptocurrency exchanges in Japan, has granted the coin a new listing.
Today, Bitflyer shared the good news about the listing via its official X/Twitter handle. Its post in Japanese is translated as follows: “DOGE Soon will be available.Dogecoin (DOGE) will be handled by bitFlyer at its sales offices starting on Thursday, February 29, 2024.”
https://x.com/bitFlyer/status/1762390246397026765?s=20
According to Bitflyer’s official blog article, it will begin processing Dogecoin (DOGE) on February 29, 2024. The pick was made since it keeps aggressively handling more new cryptocurrency assets, which enhances clients’ investing options. The cryptocurrency exchange also expressed how eager it is to expand Web3 participation options and prospects.
Dogecoin jumps 14%
The announcement of the listing had a good impact on the price of Dogecoin, which was rising along with the cryptocurrency market. As of this writing, DOGE has increased 14% to $0.091 over the previous day. The price of Dogecoin has surged by 6% in response to the price of Bitcoin.
For the first time since late 2021, Bitcoin—the biggest cryptocurrency by market value—reclaimed the $57,000 milestone. Since 2024, the price of bitcoin has increased by 32%, a surge that has sparked speculation in other cryptocurrencies like Dogecoin.
Dogecoin has been steadily increasing since it found support on February 23 at $0.082. The rise today reached intraday highs of $0.096 but fell short of the highly sought-after $0.01 threshold.
Crypto expert Ali said that Dogecoin’s price behaviour seems to be following trends from previous bull periods. Ali believes that DOGE may begin a parabolic breakout around April if history is any guide.
If Dogecoin continues to increase in the middle term, it may try to break through the $0.01 barrier. However, a persistent closing below the daily MA 50 at $0.082 might render the present bullish perspective worthless.
