Popular Indian cryptocurrency exchange Flitpay has added Dogecoin (DOGE) to its list of supported tokens, setting the stage for a potential price surge.
Flitpay Launches DOGE: A Boost for Dogecoin Enthusiasts
As a strategic move to expand the scope of the dog-inspired meme coin, Dogecoin Added to Flitpay’s list of tradable assets. Users can now seamlessly deposit and withdraw DOGE on the platform, marking a significant development for Dogecoin enthusiasts. To celebrate this listing, the exchange is offering a 1% guaranteed bonus on funds deposited by users during this period.
Milestones and Momentum: Dogecoin’s Journey Beyond Borders
This listing of Flitpay follows a series of milestones achieved by Dogecoin in recent months. In December, leading cryptocurrency exchange Binance introduced a new margin trading pair for DOGE, linking it with other notable tokens including: Cardano (ADA), Avalanche (AVAX)and Polygon (MATIC). This move contributed to a significant surge in the price of Dogecoin, marking one of the most significant rallies since the October uptrend.
DOGE Environmental Analysis: Fluctuations, Profitability and Market Position
While the Dogecoin ecosystem has become more active and has seen a notable increase in addresses and transactions, the price of DOGE has experienced fluctuations. However, experts interpret the recent decline as a sign that a significant portion of Dogecoin holders are now in a profitable position. This trend, which has not been seen since early November 2023, suggests that Dogecoin’s adoption and utility could potentially expand.
Currently, Dogecoin boasts a market capitalization of over $11.41 billion, solidifying its position as the 10th largest cryptocurrency. Despite a slight 2.38% decline over the past 24 hours, DOGE’s current value of $0.07818 suggests the potential for a reversal rally, suggesting a 30% upside potential according to some market analysts.
While forecasts call for Dogecoin to hit record highs, the activity of Dogecoin whales, which are holding significant amounts, is still noteworthy. As the cryptocurrency community anticipates a bullish trend, the inclusion of Flitpay emerges as a fundamental factor contributing to the bullish outlook for Dogecoin (DOGE).