Dogecoin, one of the most colorful names in the cryptocurrency market, continues to gain constant popularity and acceptance in its journey that started in 2013. This cryptocurrency, known as Meme coin and known for its dog logo, initially emerged as a joke, but over time it began to be accepted as a serious investment tool. At this point, Dogecoin has obtained a new listing on Bitflyer, one of Japan’s largest crypto exchanges, once again solidifying the coin’s international acceptance and popularity.
Bitflyer made a statement on its official X/Twitter account. by announcement He announced that Dogecoin will be listed on the platform. According to the announcement, starting from Thursday, February 29, 2024, users will be able to carry out Dogecoin transactions via Bitflyer. This decision is seen as a step towards Bitflyer’s goal of expanding its customers’ investment options and increasing their access to crypto assets.
In addition to Dogecoin, the crypto exchange is also committed to encouraging Web3 participation and increasing opportunities in this space. This has the potential to create new markets and use cases not only for Dogecoin but also for other crypto assets.
Dogecoin’s listing on Bitflyer has been an exciting development in the cryptocurrency market, and it is not surprising that this news has a positive impact on the market. The increase in Dogecoin’s price reflects the positive reaction of the crypto community to this step. The value of Dogecoin increased by 14% in the last 24 hours to $0.091.
Bitcoin also reclaimed the $57,000 level for the first time since late 2021. Bitcoin’s price is up 32% since 2024, continuing its rise that has spurred speculative interest in altcoins like Dogecoin.
According to crypto analyst Ali Martinez, Dogecoin’s price action appears to reflect patterns observed in past bull markets. The analyst predicts that if history repeats itself, DOGE could enter a parabolic breakout around April.
In the medium term, the popular meme coin may attempt to surpass the $0.01 level if it continues its current rise. On the other hand, a sustained close below the daily MA 50 level at $0.082 could invalidate the current bullish view.
As a result, the listing news highlights the process of Dogecoin becoming more than just a joke and being accepted as a serious investment tool. In addition, the increasing acceptance of cryptocurrencies and their diverse use cases enable them to gain an even more important position in the global financial system. Dogecoin’s listing on Bitflyer raises further discussions about the future role of cryptocurrencies as part of this journey.
You can follow the current price movement here.
