Binance cryptocurrency exchange added DOGE / RUB trading pair. Now the popular meme coin can be bought for 21 rubles.
Dog Joy: Doge Listed on Binance
The Dogecoin (Doge) meme coin is now traded on the largest cryptocurrency exchange Binance, paired with the Russian ruble. On Wednesday, April 28, the cost of the token is 21 rubles. To keep Doge up and running, the exchange has announced a 5,000 BUSD trader competition.
Note that Doge jumped 20% this morning in just a few minutes. As before, the American billionaire Elon Musk seems to have become an indirect reason for the growth of the cryptocurrency. He advertised on his Twitter page the comedy show Saturday Night Live, which is scheduled for May 8th. At the same time, Musk added “The Dogefather”, referring to the meme cryptocurrency.
At the time of this writing, the cost of the meme coin is $ 0.28.
Doge price dynamics. Source: СoinMarketCap
Investors hype on Doge token
Large and institutional investors continue to buy DOGE amid the hype generated by Elon Musk’s tweets. Computer hardware trading platform Newegg has added support for Dogecoin. The company also announced its readiness to add support for payments to Dogecoin (DOGE) on its Twitter account. According to fans of the coin, this will significantly increase its value and practical use.
The Galaxy Digital founder believes the DOGE rally is more like the GameStop hype.
“Very young investors have a crazy enthusiasm for meme coins and meme ideas. I’m shocked that GameStop still has some value. Dogecoin is even more bizarre in this regard, ”he said.
According to Novogratz, it is quite “dangerous” to sell DOGE now, although he would not open a long position in this cryptocurrency. About 30% of all DOGE coins are in the hands of two people, Novogratz emphasized.
And the founder of the Kraken cryptocurrency exchange, Jesse Powell, questioned the fundamentals of DOGE and the long-term prospects of the cryptocurrency. People are investing in dogecoin (DOGE) for fun, the expert is sure.
“I don’t see him [DOGE] as a long-term valuable asset because of the inflationary component, ”Powell said.
Powell also added that investing in an asset that has grown in value 50 times over the month is extremely dangerous.
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