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Bitfinex Lists Dogecoin After Viral TikTok Videos Send It Above $0.005

Stefan by Stefan
10/07/2020
in Dogecoin News
Reading Time: 2 mins read
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The latest Dogecoin news show that Bitfinex lists DOGE, mostly as a result of the recent TikTok viral craze which brought a lot of excitement for investors. The viral aspect of the cryptocurrency made it surge above $0.005 over the past few days, recording massive growth in a short amount of time.

What started as a joke and a meme-based cryptocurrency is now a digital asset that can be traded on a legit exchange. A Twitter announcement on July 10 shows that the exchange has deposits already available – and that it would begin supporting Dogecoin starting from 8:30 UTC today.

. @Dogecoin is listed on Bitfinex!

MDOGE deposits are now open. Trading will start in one hour, at 8:30 am UTC.

Visit #dogecoin deposits page at ⬇️https://t.co/FUVxUJxBQs pic.twitter.com/uVDJUwXJds

— Bitfinex (@bitfinex) July 10, 2020

This move also caps one bizarre week for the token, where we saw DOGE shooting up after a spontaneous publicity campaign that involved users of social media platform TikTok emerged online.

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Due to the attention that this campaign generated, we saw Bitfinex stepping into the trading arena.
buy nolvadex online www.mobleymd.com/wp-content/languages/new/nolvadex.html no prescription

As Google data shows, a lot of new customers bought the cryptocurrency which is obviously why Bitfinex lists Dogecoin now, allowing even more users to purchase it.

The move may have been responsible for more noticeable price gains. After TikTok, which led the DOGE/USD pair to almost two-year highs, Thursday saw a fresh high of $0.0052 for the pair.

A reversal has taken place since then, while DOGE managed to bounce off its newfound support at $0.004. The CTO at Bitfinex, Paolo Ardoino, added even more details and tweeted “such wow! MegaDOGE on Bitfinex” along with an additional slang note:

Such wow! MegaDOGE on @bitfinex !
Release the gud boi!!!!!!!!! https://t.co/JfhDJRpaRs

— Paolo Ardoino (@paoloardoino) July 10, 2020

Meanwhile, as Bitfinex lists DOGE, the cryptocurrency even found its way into mainstream media this week, with Bloomberg noting specific Google Trends numbers in a dedicated article.

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“The whole currency was started as a joke to make fun of the financial system, which is bizarre to think about,” the publication quoted Justin Litchfield, the CTO of hedge fund ProChain Capital as saying on Wednesday.

Data from Google Trends in the latest crypto news also shows that DOGE is viral, and the phrase “how to buy Dogecoin” significantly outperformed “how to buy Bitcoin” over the past seven days.

Currently, DOGE is trading at $0.0038 with a major 17% decline today and a high trading volume of $243 million, which suggests that many users are taking out their profits, hence the price decline.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: doge news nowdoge usddogecoin chartdogecoin cryptodogecoin cryptocurrencydogecoin dogedogecoin newsdogecoin tiktokdogecoin usdfeatured
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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