Disclaimer: The opinions expressed by our writers are their very own and don’t signify the views of U.Immediately. The monetary and market info supplied on U.Immediately is meant for informational functions solely. U.Immediately is just not accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary consultants earlier than making any funding selections. We imagine that each one content material is correct as of the date of publication, however sure presents talked about could now not be out there.
Canine-themed cryptocurrency Dogecoin (DOGE) has scored an enormous new itemizing. The canine coin, which has seen a surge in recognition and adoption since its inception in 2013, has secured a brand new itemizing on Bitflyer, one of many largest crypto exchanges in Japan.
Bitflyer introduced the optimistic itemizing information on its official X/Twitter deal with right this moment. The interpretation of its submit in Japanese reads: “DOGE Accessible quickly.bitFlyer plans to start out dealing with Dogecoin (DOGE) at its gross sales workplaces from Thursday, February 29, 2024.”
Per its official blog post, Bitflyer says it is going to begin dealing with Dogecoin (DOGE) beginning on Feb. 29, 2024. The choice comes because it continues to proactively enhance the variety of new crypto belongings it handles, thereby bettering clients’ funding selections. The crypto alternate additionally made identified its robust will to extend choices and alternatives for Web3 participation.
Dogecoin jumps 14%
The Dogecoin worth reacted positively to the itemizing information and was additionally seeing an increase alongside the crypto market. On the time of writing, DOGE was up 14% within the final 24 hours to $0.091. Dogecoin’s worth bounce follows a 6% enhance within the worth of Bitcoin.
Bitcoin, the biggest cryptocurrency by market worth, reclaimed the $57,000 stage for the primary time since late 2021. Bitcoin’s worth has climbed 32% since 2024, persevering with a rally that has inspired speculative curiosity in altcoins corresponding to Dogecoin.
Dogecoin has been on a gentle rise since hitting help at $0.082 on Feb. 23. Immediately’s rally hit intraday highs of $0.096, stopping wanting the a lot coveted $0.01 mark.
In accordance with crypto analyst Ali, the worth motion of Dogecoin seems to reflect patterns noticed in previous bull markets. If historical past repeats itself, Ali predicts that DOGE would possibly enter a parabolic breakout round April.
Within the intermediate time period, if Dogecoin sustains its current rise, it’d try a breach previous the $0.01 stage. Then again, a sustained shut beneath the day by day MA 50 at $0.082 would possibly invalidate the present bullish outlook.