Are you a true Shibes, and would like to see Doge continue making strides in the market? Then this is your chance to prove your loyalty. BitPanda, one Europe’s leading exchanges is holding a poll to determine the next crypto to add. The poll is currently ongoing and Dogecoin is now 3rd with 26% of the vote.
This means that the Dogecoin community needs to step up and vote, since this is something that could add to the value of Dogecoin (DOGE). That’s because, by getting listed on such a top exchange, the volumes will increase, further entrenching the stability of Dogecoin (DOGE). This is a plus since its stability is what makes it one of the most adopted cryptos in the market. Besides, by getting listed on such a top exchange, more investors will take it seriously, and drive up demand.
For context, Dogecoin (DOGE) shot up in value after it was listed on Robinhood. The reason it saw such magnificent gains was because, it was thrust to the limelight by a major exchange, and in the process changing investor perceptions. The same would happen if it were to be listed on Bitpanda. This is a major exchange, and if Doge wins, it would signal to two things. The first one is that, the Dogecoin community is strong and vibrant. Secondly, it would also attract new money to Dogecoin (DOGE), and further drive up its volumes.
It’s a big deal, given that Dogecoin is missing on the other major exchanges key among them being Binance and Coinbase. But with the leader in this vote already up by over 20%, can the Dogecoin community pull this off? Well, highly likely yes. That’s because the Dogecoin community is large, and is also one of the friendliest and most vibrant. As such, there are enough Shibes to pull this through and land Dogecoin on Bitpanda, and give Dogecoin a boost, even as the market continues to struggle in finding direction.
However, that’s not to say that Dogecoin (DOGE) is only reliant on exchange listings for it to make gains. This is a crypto that has shown a high degree of stability through actual usage, in spite of not being listed on Binance, Coinbase and Bitfinex. It derives its value and stability from real-world transactions, from people buying and selling stuff in Dogecoin (DOGE).
In essence, it is way ahead of the curve in terms of where cryptocurrencies are aiming to go. The whole idea of cryptos is not hoarding, but transacting, but in buying and selling stuff. In essence, for a coin that is already gaining on this front, exchange listings may not matter that much in the grand scheme of things.
The bottom-line is that, as crypto space matures and people use crypto more as a form of payment, Dogecoin (DOGE) will be among the leaders. This guarantees it of sustained value growth going into the future. It has an upper hand in the flooded altcoins market, and at some point, even the bigger exchanges will be looking to list it.