The Launch of Dogecoin Weekly Options on Binance
Binance, the world’s largest crypto exchange, has announced that it will be launching Dogecoin weekly options in Tether (USDT) pairs. This comes in response to Elon Musk’s lawyers filing a motion to dismiss the Dogecoin insider trading lawsuit and Binance expanding its support for Dogecoin.
Main Breakdowns:
- Binance will launch DOGEUSDT weekly options, which will be available for trading starting from August 10.
- These options are European-style contracts.
- Binance currently offers options trading for Bitcoin, Ethereum, BNB, and XRP.
- The announcement of Dogecoin weekly options suggests a potential rally in DOGE price to $0.1.
- The price of DOGE has experienced a 3% jump in the past 24 hours, currently trading at $0.075.
- Trading volume has increased by 8% in the last 24 hours.
- DOGE price is mostly following an ascending trendline, indicating the potential for further growth.
- Elon Musk’s confirmation on not launching a crypto token and his lawyers filing a motion to dismiss the insider trading lawsuit have contributed to the positive momentum of DOGE price.
Hot Take:
The addition of Dogecoin weekly options on Binance and the positive market response indicate the growing popularity and acceptance of Dogecoin in the crypto community. With Elon Musk’s involvement and the potential for further rallies in DOGE price, it’s an exciting time for Dogecoin investors and enthusiasts.
By
By
By
By
By