- Binance has listed DOGS as its 57th Launchpool project
- Trading is set to start from the 26th of August.
As a seasoned researcher with a penchant for deciphering the complexities of the cryptosphere, I must admit that the latest development involving Binance listing DOGS as its 57th Launchpool project has piqued my curiosity. The anticipation surrounding this memecoin is palpable, with trading set to commence on August 26th.
As a researcher delving into the dynamic world of cryptocurrencies, I’m thrilled to share that Binance, a leading name in the industry, has made an exciting announcement. They are set to list the memecoin, DOGS, marking a significant step in its journey towards wider adoption and potential growth.
Based on a report published on August 20th, it’s announced that the exchange will pioneer the listing of DOGS, commencing trading from August 26th. Moreover, DOGS will mark the 57th project to be included in the Binance Launchpool.
As an analyst, I’d put it this way: By utilizing the Launchpool platform, I can participate and deposit my BNB and First Digital USD [FDUSD] into various pools. In return, I’ll earn DOGS tokens over a period of three days.
Moreover, qualified users will also receive a free distribution of DOGS tokens, which they can acquire by depositing funds into their Binance account directly from the airdrop redemption site.
However, some users will not be eligible according to the exchange.
“Users from Canada, USA, UK, Ireland, etc will not be eligible.”
DOGS pre-market estimates
At the current moment, Gate.IO showed that Dogecoin‘s (DOGE) value prior to market opening was approximately 0.002509 USD. But since trading hasn’t started yet, the precise value of this meme-based coin remains uncertain.
At the moment when the news was released, the meme coin was already gaining popularity on the platform that used to be known as Twitter, with over 223,000 related posts and discussions.
The eagerly awaited debut of DOGS on Binance, along with the airdrops, has significantly influenced its associated token, Binance Coin (BNB).
Following the recent announcement, Binance Coin (BNB) has switched its downtrend and experienced a spike in trading activity. In the last 24 hours alone, BNB’s trading volume has significantly increased by approximately 12.01%, reaching a staggering $2.05 billion.
Read Binance Coin’s [BNB] Price Prediction 2024-25
Furthermore, as reported by AMBCrypto using Coinglass data, the Open Interest for BNB has noticeably increased during the last 24 hours, rising from approximately $570.6 million to $590.4 million as of now.
Despite the ongoing excitement, Binance Coin’s (BNB) price has dropped recently. Currently, BNB is being traded at approximately $555.84, marking a 2.02% decrease in its daily value, according to TradingView.
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2024-08-21 23:36