Dogecoin (DOGE), which remains on the agenda with the news of Elon Musk and Twitter, has reached the list of a new stock market. This one appeals to European investors.
Dogecoin (DOGE) on Europe’s largest crypto exchange
Bitstamp reported that it has succeeded in trading Dogecoin (DOGE) in a new announcement dated December 22. The crypto community took Bitstamp’s decision from both Twitter and its official website. There were rumors that it would be listed for a while before that. Bitstamp confirmed the news with a sudden tweet today.
The announcement also comes with a campaign. According to the official tweet above, DOGE transactions of up to $1,000 for a month on Bitstamp will be free. Dogecoin also opens to trading on two major fiat currency pairs. Bitstamp has announced that it will be trading DOGE/USD and DOGE/EUR pairs on its platform. During the hours when the news reverberated on social media, the DOGE price rose by over 5%.
DOGE peaks over 5% after Bitstamp listing
cryptocoin.comAs you follow, Dogecoin has been quiet for most of the day. It was flat with low volatility during the hours when Bitcoin and Ethereum were in the red. The leading meme coin welcomes new buyers on the Bitstamp listing. At the time of writing, it’s holding around 2.5% of its earnings for the last 24 hours. It gained around 6% at one point in the past hours. Meanwhile, Bitcoin and Ethereum were on the decline.
Meanwhile, the rally may also be due to Elon Musk’s statements at the beginning of the month. The Tesla CEO had promised to attend a Dogecoin-related Twitter meeting on Dec. He also said that on this date, Twitter wants to make it easier to transact with cryptocurrencies.
In his statements at the beginning of the month, Musk said in response to a request from a prominent community member, “Things are pretty busy right now. But it could be closer to Christmas,” he tweeted. In the following days, he reactivated Dogecoin with a series of tweets.
Dogecoin whales become active again
Current on-chain data shows that the largest Doge whale carries over $280 million in DOGE. The giant investor transferred 3.84 billion DOGE worth $280.6 million in the early hours of December 20. According to Lookonchain, the wallet owner, who has approximately $2.5 billion in DOGE in a Robinhood wallet, completed transactions in 14 batches.
However, Santiment data by volume reported a 114% increase last week. This shows that DOGE is displaying solid market power despite the decline in value. Meme coin is now gearing up for the European market along with the Bitstamp listing.
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