Dogecoin’s Surge: A Significant Milestone as It Finds a New Listing on Bitflyer”
The Dogecoin (DOGE) cryptocurrency, which has witnessed a surge in popularity since its creation in 2013, has achieved a notable milestone with its recent listing on Bitflyer, one of Japan’s largest cryptocurrency exchanges.
The cryptocurrency recorded a positive development as per the Japanese translation of the announcement, stating, “DOGE will soon be available.” Bitflyer plans to commence trading Dogecoin (DOGE) at its sales offices starting February 29, 2024, as highlighted in the official announcement on X/Twitter today.
Bitflyer emphasizes its proactive approach in increasing the number of new cryptocurrency assets it deals with, thereby enhancing investment options for its clients. The decision to list Dogecoin aligns with Bitflyer’s commitment to expanding choices and opportunities for participation in Web3.
Dogecoin’s price experienced a 14% jump in response to the positive listing news, reflecting a positive market sentiment across the cryptocurrency landscape. At the time of writing, DOGE has risen by 14% in the last 24 hours, reaching $0.091. This surge follows a 6% increase in Bitcoin’s price.
Bitcoin, the largest cryptocurrency by market capitalization, has reclaimed the $57,000 level for the first time since late 2021, witnessing a 32% increase since 2024. This upward movement has sparked interest in alternative currencies like Dogecoin, contributing to its sustained rise.
Dogecoin has been on a continuous upward trajectory since finding support at $0.082 on February 23. Today’s peak reached $0.096, surpassing the desired $0.01 level.
According to cryptocurrency analyst Ali, Dogecoin’s price movement appears to mirror patterns observed in previous bullish markets. If history repeats itself, Ali expects DOGE to undergo a significant breakout around April.
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In the medium term, if Dogecoin maintains its current upward momentum, it may attempt to break the $0.01 level. On the other hand, continuous closure below the 50-day moving average at $0.082 could negate the current bullish expectations.
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