Will Meme Coin Exceed $1 After Binance Announcement: Here are the Details!

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Binance, the world’s largest crypto exchange, announced today that dogecoin announced that it added the DOGE/TUSD trading pair to increase its trading volume. Binance currently has Dogecoin listed with USDT and BUSD trading pairs.

BinanceThis move by Dogecoin is expected to push the DOGE price above $1 with a sudden rally as it leads the market when it comes to Dogecoin trading. Traders did not immediately respond to Binance’s listing of DOGE/TUSD pairs.

Binance Adds Dogecoin TUSD Trading Pair

Binance will add Dogecoin with the TUSD trading pair, according to its official announcement on April 27. Trading for the DOGE/TUSD trading pair will open on April 28. Binance has also added USDT/ARS and WBTC/USDT.

Moreover, crypto- The exchange announced that it will activate the Binance Spot Grid for DOGE/TUSD and WBTC/USDT trading pairs within 2 days of the trading opening for the pairs.

The TrueUSD team took to Twitter to reveal yet another effort by Binance to increase the market presence of the TUSD stablecoin. Following the crash of BUSD by US regulators, Binance switched to the lesser-known TUSD. The exchange now only offers zero-fee trading on the TUSD pair, after ending zero-fee Bitcoin trading for all other pairs last month.

Binance dominates the crypto market in terms of trading volumes. DOGE/USDT on Binance accounts for 20% of the total trading volume, which is four times as much as DOGE/USDT on OKX and DOGE/BUSD on Binance. In the perpetual market, Binance dominates with 25% of the trading volume in the DOGE/USDT pair.

DOGE/TUSD is expected to increase Dogecoin’s overall trading volume. It will help increase liquidity and DOGE price. Investors can expect the Dogecoin price to exceed $1.

At the time of this writing, DOGE price is trading at $0.079, down 2% in the last 24 hours. The 24-hour low and high price are $0.0761 and $0.083, respectively. Also, trading volume has increased by 100% in the last 24 hours, indicating increased interest among traders.

You can follow the current market movements here.


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