DGB rises 35% after announcing its listing on Binance
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Answer DGB rises 35% after announcing its listing on Binance
After taking and responding and previous problems, the Binance platform finally decided to list the DGB coin for trading on its platform, so that the coin was affected by the listing process and recorded an increase of 35%.
DigiByte’s management on Twitter stated that Binance listed DGB without any requests and without providing a listing fee.
Binance Announces DigiByte Coin Listing
Binance recently announced the inclusion of DigiByte, a decentralized network token that was founded in 2013.
The news was announced yesterday in a post on the Binance Blog, which stated that DGB trading will be open at 2:00 PM UTC.
Binance users will be able to trade DGB against three pairs: Bitcoin, BNB, and BUSD.
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#finance menus Tweet embed DJB Dollars pic.twitter.com/CFJHMSJSxy
– Binance (binance) June 22, 2020
As we mentioned, the listing process was carried out without fees or conditions, which is a big step for the DigiByte project.
It should be noted that the last listing process, and before it took place, went through many skirmishes and a response between Binance and Mr. Jared Tate, founder of DigiByte.
The founder of DigiByte reported in September last year that Binance required a $300,000 listing fee and 3 percent of all DGB in circulation in order to list the coin.
The platform reportedly stated that the demand for a percentage of the circulating supply would be used as an “insurance” for its clients against hacks.
He made a video call to the “Binance” team a few weeks ago. They wanted $300,000 and 3% of the total DGB to “insure their clients against hacks and flaws in the blockchain” to be included in the list. DJB Dollars. Tell them this isn’t really possible with decentralization #blockchain Such as #DigiByte.
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– Jared Tate ©️ (@jaredctate) September 20, 2019
DGB rallies more than 30% in less than two hours
The listing on Binance is a big deal for crypto projects, although DigiByte is one of the oldest projects (2013), its listing on one of the biggest exchanges took place only yesterday.
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The currency reacted strongly with the new listing process, as it witnessed a 30% increase in its price in less than two hours after the news of the listing was published, jumping from $0.017 to $0.022.
The DGB coin is currently trading at $0.0220, but it is still trading at a low of 83.6% from the high of $0.135 on Jan 6, 2018.
While it seems that the enthusiasm has waned around the $0.022 level, forcing the DGB coin to enter a consolidation phase which will lead to a more realistic price of the coin.
DigiByte coin, which is currently ranked 35th by market capitalization, is up 27.27% in the past 24 hours.
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Crypto community outraged over DGB delisting from Poloniex
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