- Dogecoin listed on Bitflyer, indicating growing acceptance and popularity.
- Analyst Ali Martinez predicts a possible parabolic breakout for Dogecoin in April.s Crypto News Flash had previously announced.
Dogecoin (DOGE), the popular dog-themed digital currency, has achieved a major milestone by securing a listing on Bitflyer, one of Japan’s largest crypto exchanges. This new listing marks an important step in Dogecoin’s journey, reflecting its growing popularity and adoption since its inception in 2013.
／#DOGE 近日取扱い開始！
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bitFlyer は、販売所において 2024 年 2 月 29 日（木）より「ドージコイン（DOGE）」の取扱いを新たに開始する予定です。https://t.co/Hgzvv0HuX6#bF10 pic.twitter.com/AiEBrRfKZ1— bitFlyer（ビットフライヤー） (@bitFlyer) February 27, 2024
Dogecoin Landmark Listing on Bitflyer
Bitflyer made the announcement through its official X account, stating that Dogecoin will be available on the platform starting Thursday, February 29, 2024. The inclusion of DOGE in Bitflyer’s offerings is part of the exchange’s broader strategy to diversify its cryptocurrency portfolio and provide its users with a wider range of investment options.
By embracing Dogecoin, Bitflyer is not only catering to the demand for more varied crypto assets but also bolstering opportunities for engagement within the Web3 ecosystem.
The decision to list Dogecoin comes at a time when the cryptocurrency market is witnessing a resurgence, with Bitcoin leading the charge with a 6% increase in price. Dogecoin, in particular, responded positively to the listing news, experiencing a remarkable 14% surge in its value within the last 24 hours, reaching $0.091.
Previously, DOGE prices also shot up when there was speculation about its adoption in X payments, as ETHNews had previously announced.
This uptick in Dogecoin’s price underscores the significant impact that exchange listings can have on cryptocurrency valuations, as they enhance accessibility and liquidity for the listed assets. You can dive deeper into the development of DOGE in this YouTube video.
Analyzing Dogecoin’s Potential Breakout
Amidst this positive momentum, popular crypto analyst Ali Martinez shared an intriguing observation on X regarding Dogecoin’s price action. According to Martinez, Dogecoin’s current price movements appear to mirror the patterns observed in its previous bull markets.
The price action of #Dogecoin appears to mirror patterns observed in its past bull markets. If history repeats itself, we could see $DOGE enter a parabolic breakout around April! pic.twitter.com/fL1J3CP3mR
— Ali (@ali_charts) February 26, 2024
This analysis has led to speculation that if history were to repeat itself, Dogecoin might be on the brink of a parabolic breakout come April. Such a breakout could potentially catapult DOGE to new heights, drawing even more attention to the already popular meme coin.
The anticipation of a parabolic surge aligns with the optimistic sentiment surrounding cryptocurrencies, as investors and enthusiasts alike look for signs of the next big rally.