The Quinn Base exchange, known for its high transaction fees, has not yet listed Dogecoin, one of the best-selling tokens.
to the the report CoinDesk, the American digital currency exchange Quinn Base, which went public this week by listing its shares directly on the Nasdaq Stock Exchange, is missing out on the latest opportunities to profit from the Dogecoin market. The sharp rise in the price of the Dogecoin has resulted in the famous token (mostly known as the dog as its symbol) yielding 6,000 returns since the beginning of the year.
Dodge is a digital token first launched in 2013 for entertainment purposes only; But for now, it’s not just the price that surprises everyone. This token has managed to record a high daily trading volume and its daily trading volume record has even surpassed Ether. Ether Token Blockchain is China’s most popular Ethereum and the world’s second largest digital currency after Bitcoin.
The Coin Base exchange, whose stock is listed on the Nasdaq as COIN, has so far made no mention of Dogecoin being listed. Of course, although it is not possible to trade Dodge in this exchange, but according to the information available on one of the pages of the Quinn Exchange exchange website, you can add it to your watch list and related news using the Quinn account. Read your base. The company’s media officials have not responded to requests for comment.
New Coin Base shareholders may react to the damage this event (especially in competition with other competitors) could do to Coin Base; Because Dodge now appears in the list of many of the largest exchanges in the world, and these exchanges are profiting from a sudden jump in the volume of transactions of this token.
According to the CoinGecko website, most of Dogecoin’s trading volume in the past 24 hours came from Bainance, OKEx and Hubby exchanges.
An OKEx exchange spokesman told CoinDesk:
Although Dodge is a “Meem Quinn”, OKEx has included the token in its list in 2019, following high public demand for it. Dogecoin is one of the oldest digital assets with a strong supportive community.
The press representative of the Hubei exchange also expressed the opinion of Du Jun, the co-founder of this exchange in this regard as follows:
We really understand the interest of fans of the Blockchain and digital currencies in Dogecoin. Dodge has now evolved from a meme queen to a special and popular cultural phenomenon.
However, referring to the not-so-promising history of Dogecoin as a successful Blockchain project, the representative added:
We want to warn our users that DodgeQueen has no unique innovations or unique technology features, and that DodgeQueen owners are highly focused. About 41.35% of Dodge Queens owns only 10 addresses, which means few investors have control over prices. Therefore, investors should be careful to enter the Dogecoin market.
It should be noted that the representative of Bainance Exchange refused to state the reasons for this exchange to list Dogecoin.
Some Dogecoin fans are wondering if the price of this token will rise again after being listed on Quinbase. Data from Messari Digital Currency Data Analysis shows that tokens listed at this US exchange experience an average price increase of 91% in the first 5 days.
One Twitter user with a user ID [email protected] On Friday, April 16, he wrote about this:
What if Coin Bass wanted to add Dogecoin to his roster on April 20?
This is not the first time that social media users have questioned Quinn Base’s unwillingness to allow Dogecoin transactions.
Dogecoin’s most important backers include American billionaire Ilan Musk (and owner of Tesla and SpaceX). He announced on Twitter in March that he was asking the Coin Bass exchange to include the digital currency, which bears the Shiba Inu dog logo, on its platform.
Dogecoin has also been endorsed by entrepreneurs such as Mark Cuban, owner of the Dallas Mavericks basketball team. He recently announced that he would accept the token to pay for game tickets and transactions.
At the time of writing, the Dogecoin is trading at $ 0.27 and has more than doubled in price over the past few days.
Dodge Coin is now the seventh most valuable currency in the world and has surpassed popular currencies such as Litecoin, Bitcoin Cash and Dot (Polkadot).
Dogecoin has a market capitalization of approximately $ 43 billion, equal to that of the great English bank Barclays. The history of this bank dates back to the 18th century.