Well-liked dog-themed meme coin Dogecoin, has lately achieved a brand new milestone by getting formally listed on one in every of India’s high cryptocurrency exchanges.
New Dogecoin Itemizing
On Thursday, January 18, Indian cryptocurrency trade Flitpay introduced Dogecoin as the brand new addition to its intensive portfolio of cryptocurrencies. The information was communicated by way of the crypto trade’s official X (previously Twitter) account.
Based on Flitpay, customers can now make deposits and withdrawals utilizing Dogecoin’s native DOGE token on its platform. This transfer underscores the rising acceptance and recognition of Dogecoin within the cryptocurrency market.
Moreover, the crypto trade has launched an unique incentive for brand spanking new customers aiming to commerce and make the most of Dogecoin for each day transactions. As highlighted within the submit, Flitpay is providing a 1% assured bonus together with a deposit reclaim for customers who make a DOGE deposit on the platform. The crypto trade can be offering a reward of 20 DOGE every to 10 winners on X.
Whereas DOGE stays the most recent entrant in Flitpay’s portfolio, it has not been the one cryptocurrency to hitch the increasing array of digital property out there on the Indian crypto trade. On Wednesday, Flitpay introduced the addition of Tron (TRX) on its platform in addition to a number of new buying and selling pairs earlier this week. The crypto trade additionally included unique incentives for Tron customers much like Dogecoin.
Presently, Flitpay’s ongoing efforts to repeatedly diversify its portfolio underline its dedication to prioritizing consumer preferences and offering a various vary of cryptocurrencies for each day buying and selling actions. Past enhancing its choices, Dogecoin’s new itemizing on Flitpay has the potential to open up new alternatives for a doable worth improve because the cryptocurrency enters a brand new market.
At current, India’s inhabitants, which stands at over 1.4 billion, can now have entry to finish and handy entry to DOGE, making the most of the meme-inspired cryptocurrency’s mainstream attraction for buying and selling and transactional actions.
DOGE worth struggles at $0.078 | Supply: DOGEUSD on Tradingview.com
Dogecoin Value Motion
Dogecoin, probably the most well-liked meme cash influenced by the ‘Elon Musk impact’, has been experiencing disappointing worth motion lately. In contrast to altcoins like Solana and Ethereum which witnessed a considerable worth rally from late 2023 to 2024 presently, Dogecoin has struggled to attain notable positive aspects to drive its worth larger.
The cryptocurrency beforehand noticed a significant decline in early December 2023 and has since maintained a bearish pattern, marking a month-to-month drop of 13.55% and a weekly lower of seven.43%, in accordance with CoinMarketCap.
On the time of writing, DOGE is buying and selling at $0.0782, hovering round a crucial degree. The potential of a bullish momentum hinges on whether or not the cryptocurrency can breach its crucial place. Conversely, Dogecoin might instigate additional declines if it fails to beat its current resistance.
Featured picture from Binance Academy, chart from Tradingview.com