"It's a long way, it must take time for the price of DOGE to reach $1."
As part of its efforts to increase Dogecoin (DOGE) trading volume on Binance, the cryptocurrency giant exchange added the DOGE/TUSDT trading pair on Thursday yesterday.
Although the traders did not react to the listing of the DOGE/TUSD pair, Binance's action is said to be able to push the price of the memecoin to break through the $1 level in the future.
In addition to DOGE/TUSDT, Binance which made the official announcement on April 27 yesterday also added trading pairs USDT/ARS and WBTC/USDT.
Immediately after opening the three trades, Binance will reportedly allow the DOGE/TUSD and WBTC/USDT trading pairs to join the Binance Spot Grid.
Also reported, Binance began switching to the lesser-known TUSD (TrueUSD) after United States (US) regulators cracked down on BUSD, where the exchange now only offers zero-fee trading in TUSD.
Please note that DOGE/USDT on Binance has accounted for 20% of trading volume while its trading volume is 25%.
The streak, the price of DOGE is projected to cross $1 following DOGE/TUSD is expected to increase the trading volume of the memecoin.
As of this writing, DOGE price has jumped by 0.59% to $0.080 in the last 24 hours with a market cap of $11 billion but still recorded a decline of almost 4.21% over the last week.
