The Philippines-based fully regulated crypto exchange announced listing support for the popular meme coin Doge.
Dogecoin is a popular meme coin, which runs on Proof-of-work (PoW) consensus. This coin was launched in Dec 2013 & at that time this coin grabbed huge popularity in the crypto sector but later lost popularity rapidly for several years. In 2020, Elon Musk jumped in support of this coin & pumped the trade price of Dogecoin by 200 times.
On 1 March 2023, Coins Pro, a Philippines-based regulated crypto exchange, announced that the exchange-listed Dogecoin & now CoinsPro customers can trade with Dogecoin easily.
Some people noted that Dogecoin is not getting a better level of attraction on the Coins Pro exchange, which can be seen in the very low trade volume.
Coins Pro is one of the most popular & oldest digital assets trade platforms in the Philippines. This exchange was founded in 2014 as a crypto-focused platform but later the company expanded its hands to mainstream financial services. In April 2022, the former chief financial officer of Binance exchange Wei Zhou acquired this exchange.
Dogecoin vs Crypto trend
Over the last couple of years, Dogecoin grabbed popularity & buy support because of Doge fan Elon Musk. But the Dogecoin engineering team, which was re-established under the leadership of Tesla CEO in late 2021, did nothing big to spread hype about it.
A few reports surfaced in crypto space in early 2022, which claimed the Dogecoin team was collaboratively working with SpaceX subsidiary Starlink to allow Dogecoin transactions with the use of satellite internet & radio wave technology. To this date, the Dogecoin Community is eagerly waiting to see a big announcement about this coin.