{"id":188,"date":"2023-04-28T11:01:26","date_gmt":"2023-04-28T11:01:26","guid":{"rendered":"https:\/\/predictmag.com\/blog\/?p=188"},"modified":"2023-04-28T11:01:26","modified_gmt":"2023-04-28T11:01:26","slug":"price-of-dogecoin-doge-to-reach-1-following-binance-announcement","status":"publish","type":"post","link":"https:\/\/predictmag.com\/blog\/2023\/04\/28\/price-of-dogecoin-doge-to-reach-1-following-binance-announcement\/","title":{"rendered":"Price of Dogecoin (DOGE) To Reach $1 Following Binance Announcement"},"content":{"rendered":"\r\n<p><strong><em>In an effort to boost Dogecoin trading volume, Binance created the DOGE\/TUSD trading pair, which may cause the price of DOGE to rise above $1.<\/em><\/strong><br \/><br \/>Binance, the biggest cryptocurrency exchange in the world, announced on Thursday that it had added the DOGE\/TUSD trading pair in an effort to boost Dogecoin trading activity on the exchange. Dogecoin is presently available on Binance in the USDT and BUSD trading pairs.<br \/><br \/>Given that Binance dominates the market for Dogecoin trading, the decision by Binance is anticipated to trigger a quick rise that will drive the price of DOGE above $1. After Binance listed the DOGE\/TUSD pair, traders didn&#8217;t immediately react.<br \/><br \/><strong>Dogecoin TUSD Trading Pair is Now Available on Binance<\/strong><br \/>On April 28, trading for the DOGE\/TUSD trading pair will begin at 08:00 UTC, per an official announcement. Also, Binance has added WBTC\/USDT and USDT\/ARS.<br \/>The cryptocurrency exchange also says that within two days of the trading pairings&#8217; introduction, it will enable the Binance Spot Grid for the DOGE\/TUSD and WBTC\/USDT trading pairs.<br \/><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-210\" src=\"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/04\/dogecoin-6363104_640.jpg?resize=300%2C172&#038;ssl=1\" alt=\"Price of Dogecoin (DOGE) To Reach $1 Following Binance Announcement\r\n \r\n\" width=\"300\" height=\"172\" srcset=\"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/04\/dogecoin-6363104_640.jpg?resize=300%2C172&amp;ssl=1 300w, https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/04\/dogecoin-6363104_640.jpg?w=640&amp;ssl=1 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><br \/>The TrueUSD team revealed on Twitter a new initiative by Binance to increase the market presence of the TUSD stablecoin. Binance has shifted to the unpopular TUSD after the BUSD crackdown by American officials. After discontinuing zero-fee Bitcoin trading for all other pairings last month, the exchange only allows zero-fee trading in the TUSD pair at this time.<br \/><br \/>Regarding trading volumes, Binance rules the crypto market. The trading volume for DOGE\/USDT on Binance is 20% of the overall volume, which is four times the trading volume for DOGE\/USDT on OKX and DOGE\/BUSD on Binance. With 25% of trade activity on the DOGE\/USDT pair, Binance controls the perpetual market.<br \/><br \/>The DOGE\/TUSD is anticipated to increase Dogecoin\u2019s overall trading volume. Liquidity and the price of DOGE will both rise as a result. The price of Dogecoin is expected to rise above $1. Traders should watch out for this development.<br \/><br \/><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>In an effort to boost Dogecoin trading volume, Binance created the DOGE\/TUSD trading pair, which may cause the price of DOGE to rise above $1. Binance, the biggest cryptocurrency exchange in the world, announced on Thursday that it had added the DOGE\/TUSD trading pair in an effort to boost Dogecoin trading activity on the exchange. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,14],"tags":[46,30,49,47,48],"class_list":["post-188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-market","category-trading","tag-binance","tag-cryptocurrency","tag-doge","tag-dogecoin","tag-tusd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Price of Dogecoin (DOGE) To Reach $1 Following Binance Announcement<\/title>\n<meta name=\"description\" content=\"In an effort to boost Dogecoin trading volume, Binance created the DOGE\/TUSD trading pair, which may cause the price of DOGE to rise.\" \/>\n<meta name=\"robots\" content=\"index, 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