- Despite the troubling atmosphere prevailing in the crypto market, a meme coin, which has risen by up to 300 percent in the past weeks, reaching an all-time high, has entered a listing frenzy despite the speculations about it.
Despite the great controversy surrounding a newly launched meme coin, the largest cryptocurrency exchanges Dogechain (DC) The listing continues.
made by the stock market announcementor according to Huobi Global, Dogechain (DC) opened its spot trading (DC/USDT) and spot Grid trading (DC/USDT) today at 16:00.
Dogechain reported the listing to its community as follows:
“Friends, Dogechain has achieved global coverage thanks to HuobiGlobal’s listing of its DC native token.”
$DC token listed on Huobi 🚀
frens, #dogechain is getting global coverage thanks to the @HuobiGlobal listing of the $DC native token
🔹 $DC deposit on #huobi are starting today.
📈 Trading for the $DC / $USDT pair went live at 1 PM, August 31 UTC pic.twitter.com/i1hO9wsKyL
— Dogechain💜 (Giving away a Tesla) (@DogechainFamily) August 31, 2022
Dogecoin (DOGE) and Shiba Inu (SHIB) Investors who missed out on the big rally of other meme coins such as DC, saw the launch of DC as an opportunity to join the meme coin craze, this attitude as well. DC coin caused a price increase.
So the massive 300 percent price increase that Dogechain experienced last week indicates that retail investors are still desperately hunting for dog cryptocurrencies, which are expected to show a great miracle all at once.
Besides that, KuCoin also listed the DC coin for the DC/USDT trading pair on August 27, 2022. The exchange also announced an airdrop of 15 million Dogechain tokens for its users. Likewise, on August 26, another leading centralized exchange, MEXC Global, also listed the Dogechain coin.
What is Dogechain (DC)?
Dogechain is a project that serves as a Tier-2 solution for the largest meme coin by providing full compatibility with Ethereum-based smart contracts, bringing non-fungible token and various decentralized finance applications to Dogecoin users, but it is not built on the Dogecoin blockchain.
The Polygon Edge-based protocol also describes itself as a cheaper and faster alternative to the original chain. Dogecoin, the world’s largest meme coin, is used to pay fees on the Dogechain network.
Dogecoin founder rejects a $14 million offer
As reported by KoinFinans, Dogecoin co-founder Billy Marcus recently allegedly made a $14 million offer by Twitter users to betray the DOGE community and promote the dubious project dogechain.
“To introduce Billy to their project. Dogechainfrom 10 Billion DC was offered. That is 14 MILLION DOLLARS at the current price. We have great respect for @BillyM2k for refusing to betray his community despite all that money.”
However, Marcus turned down the offer because Dogechain had nothing to do with Dogecoin and was solely affiliated with the Dogecoin project.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.