Common dog-themed meme coin Dogecoin, has just lately achieved a brand new milestone by getting formally listed on one among India’s prime cryptocurrency exchanges.
New Dogecoin Itemizing
On Thursday, January 18, Indian cryptocurrency change Flitpay announced Dogecoin as the brand new addition to its in depth portfolio of cryptocurrencies. The information was communicated by way of the crypto change’s official X (previously Twitter) account.
In line with 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 change has launched an unique incentive for brand new customers aiming to commerce and make the most of Dogecoin for daily 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 change 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 accessible on the Indian crypto change. 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 change 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 every day trading activities. Past enhancing its choices, Dogecoin’s new itemizing on Flitpay has the potential to open up new alternatives for a attainable price increase 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, benefiting from the meme-inspired cryptocurrency’s mainstream enchantment for buying and selling and transactional actions.
DOGE value struggles at $0.078 | Supply: DOGEUSD on Tradingview.com
Dogecoin Value Motion
Dogecoin, probably the most fashionable meme cash influenced by the ‘Elon Musk effect’, has been experiencing disappointing value motion just lately. Not like altcoins like Solana and Ethereum which witnessed a considerable value rally from late 2023 to 2024 presently, Dogecoin has struggled to attain notable beneficial properties to drive its value greater.
The cryptocurrency beforehand noticed a significant decline in early December 2023 and has since maintained a bearish trend, marking a month-to-month drop of 13.55% and a weekly lower of seven.43%, in line with CoinMarketCap.
On the time of writing, DOGE is buying and selling at $0.0782, hovering round a vital stage. The opportunity of a bullish momentum hinges on whether or not the cryptocurrency can breach its vital place. Conversely, Dogecoin may instigate additional declines if it fails to beat its current resistance.
Featured picture from Binance Academy, chart from Tradingview.com
