Binance Announcement Could Propel Dogecoin (DOGE) Price to $1
Binance, the world’s largest crypto exchange, has added a DOGE/TUSD trading pair to increase trading volume for Dogecoin, which is currently listed with USDT and BUSD trading pairs. The move is expected to push the price of DOGE above $1 in a sudden rally, as Binance leads the market when it comes to Dogecoin trading. The DOGE/TUSD trading pair will enable Binance to boost the market presence of TUSD, which has replaced BUSD after a crackdown by US regulators. The exchange now only offers zero-fee trading in the TUSD pair, after ending zero-fee Bitcoin trading for all other pairs last month. DOGE/USDT on Binance accounts for 20% of total trading volume, four times that of DOGE/USDT on OKX and DOGE/BUSD on Binance. The DOGE/TUSD is expected to boost Dogecoin’s overall trading volume, increase liquidity and increase its price. At the time of writing, DOGE price was trading at $0.079, down 2% in the last 24 hours. The trading volume has increased by 100% in the last 24 hours, indicating a rise in interest among traders.