bitcoinBTC/USD
$ 19,077.09
ethereumETH/USD
$ 1,059.48
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.448524
xrpXRP/USD
$ 0.312717
usd-coinUSDC/USD
$ 1.00

Will Binance and Coinbase List Dogelon Mars?

Will Binance and Coinbase List Dogelon Mars?

Meme-coins have got a long way from where they initially started in 2013. Although these cryptocurrencies are all based on a meme or a joke, most of them have real-life use cases. For example, Dogecoin, the first-ever meme-coin, aims to become the currency of the internet. This cryptocurrency has been part of the ten biggest cryptocurrencies for more than 6 months now, entering that list in April 2021. 

Furthermore, we have Shiba Inu, the meme-coin that surpassed Dogecoin recently. This token is way younger than Dogecoin and does not even have its own blockchain but is rather built on the Ethereum blockchain. Yet, this did not stop it from growing bigger than Dogecoin. In contrast to Dogecoin, Shiba Inu wants to build its own ecosystem. They aim to achieve this through their decentralized exchange (Shibaswap), and their other two tokens (LEASH & BONE).

Both Dogecoin and Shiba Inu are listed in two of the biggest cryptocurrency exchanges – Binance and Coinbase. But what does this mean for other meme-coins and the overall meme sector of cryptocurrencies? Well, we don’t exactly know, but this hints that even the biggest exchanges have opened their doors for meme-coins.

Will Binance List Dogelon Mars?

Binance is the biggest cryptocurrency exchange in the world when it comes to trading volume, amounting up to more than $23 billion in trading volume during the past 24 hours. This centralized cryptocurrency exchange is also one of the leading exchanges when it comes to the number of cryptocurrencies listed. At the time of writing, you can trade more than 394 coins and tokens in Binance.

Although they have such a high number of listed projects, they are still very picky when it comes to listing new cryptocurrencies. Several big projects have failed to get listed on Binance, despite their clear vision and solid background. What makes this process even harder is that Binance does not provide a fixed set of requirements. This makes this process confusing for applying projects. 

For Binance to list Dogelon Mars, an ELON/BUSB or ELON/BNB pool should be raised to provide enough liquidity. Additionally, Binance should be regularly informed about the Dogelon Mars project and its achievements.

Binance may list Dogelon Mars since it is the biggest meme-coin after Dogecoin and Shiba Inu. However, more should be done regarding the utility of Dogelon Mars. Also, as its market capitalization grows, the chances of Binance listing the token also grow. 

Will Coinbase List Dogelon Mars?

Moving on, we have Coinbase, the biggest cryptocurrency exchange in the United States. When compared to Binance, Coinbase does not have that many coins listed in its exchange. Out of 13,500 crypto projects in existence, only around 119 are supported by Coinbase.

Similar to Binance, Coinbase is very picky when it comes to listing new crypto projects. They have provided some guidelines that any project that wants to get listed in this exchange should follow. Firstly, the team should clarify if their coin/token is an investment or a security. Secondly, they should try to get rid of any superuser privileges and be as fair as possible. Thirdly, the project should have a considerable amount of decentralization implemented. Last but not least, the coin/token should have a verifiable code that makes it credible.

Coinbase has already listed Shiba Inu and Dogecoin. Considering that Dogelon Mars already fulfills most of these criteria, this token may be the next meme-coin to be listed in Coinbase. We believe that this might have a huge positive impact on Dogelon Mars’ performance if it happens.

Also Read: Dogelon Mars (ELON) Price Prediction 2022 and Beyond – Can ELON Eventually Hit $1?

Takeaways

  • Dogecoin and Shiba Inu are the biggest meme-coins at the time, amounting up to more than $60 billion in a combined market capitalization.
  • Both Shiba Inu and Dogecoin are listed in Coinbase and Binance.
  • According to CoinMarketCap, Dogelon Mars is the third biggest meme-coin regarding market capitalization.
  • After taking a look at the requirements for getting listed in Binance, we believe that Dogelon Mars might do so in the foreseeable future.
  • Similarly, we believe that Dogelon Mars may also get listed in Coinbase sometime in the future.

 

Also read:

Related News

Is KuCoin Token a Good Investment – Should You Invest in KuCoin?

The cryptocurrency market saw one of the biggest bull runs in its history back in 2021. During this time, several tokens and cryptocurrencies made millionaires overnight. However, as the market grew, people began taking profits, leading to a market correction. In early 2022, the market was attempting to recover, but with everything that was happening around the world, it failed to do so.  One token that is performing well even during these

Read More »

Amulet vs. Coincover-Is Amulet Better Than Coincover?

  As cryptocurrencies and DeFi initiatives gain popularity year after year, the necessity for security in the expanding sector grows. Investors are constantly vulnerable to many forms of cyberattacks, including smart contract hacking, de-pegs, and even everyday crypto volatility. All of these reasons might make investing or simply playing with DeFi an unpleasant experience. As a result, new insurance protocols are necessary to address all of the current risks. Despite

Read More »

Here are 3 Reasons Why You Should Use KuCoin Exchange to Buy Cryptocurrency

KuCoin is a global exchange for cryptocurrencies that started operating in 2017. The platform enables trading in futures and margin products using an extensive selection of tokens. In addition, KuCoin is an attractive cryptocurrency exchange due to its low fees and extensive feature set. KuCoin’s extensive features, low fees, and a wide variety of cryptocurrencies make it an ideal platform for experienced and even new cryptocurrency traders. However, KuCoin lacks an operating

Read More »

My Coins

bitcoinBitcoin
$ 19,077.091.33%
ethereumEthereum
$ 1,059.480.14%
cardanoCardano
$ 0.4485240.89%
tetherTether
$ 1.000.36%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org