DOGE Topped $0.29 with Spot Exchange Coinbase’s Direct Listing. What can it bring for Futures Exchange?
Coinbase going public on April 14 as the first publicly traded exchange on the stock market, drew the attention of the entire crypto community. On the same day, exchange data shows a steady rise in a new flow of transactions and trading volume. The bull market will not stop here.
What’s DOGE Coins?
DOGE, or Dogecoin, was founded on December 8, 2013. Based on the algorithm Scrypt, Dogecoin is one of the cryptocurrencies with the largest number of users, second only to Bitcoin.
Bitcoin price breaking through to $64k boosts a new wave of altcoins. DOGE stands out against all these rising stars. Price rising from $0.08 to $0.29 in only two days, DOGE now has a market capitalization of more than $16 billion, ranking in the top 10 most valuable cryptocurrencies.
BTC Recent Trend
DOGE Recent Trend
(source: coindesk )
What can it bring for Futures Exchange?
It attracts a great number of new investors with such a high rate of return. With a broader space in the crypto world, investors will refuse to settle for 300% or 400% profit. They turn to the futures exchanges that offer leverage to enlarge profits. But not all Futures exchanges support DOGE leveraged trading or have no regional restrictions. Therefore, other leveraged futures trading products gain their favor.
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