Dogecoin Trading on the Rise as Kraken Pro Introduces GBP and AUD Pairs, What’s Next For Dogecoin?

Kraken Pro, a U.S.-based cryptocurrency exchange, has recently added the DOGE/GBP trading pair to its platform, following the listing of the DOGE/AUD pair. This move demonstrates the exchange’s commitment to expanding its offerings for Dogecoin traders worldwide.

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By introducing direct trading pairs with fiat currencies such as the Australian Dollar and the British Pound, Kraken Pro aims to meet the growing demand for Dogecoin trading across different regions. These developments showcase the exchange’s strategy to cater to a diverse international user base.

The decision to introduce these trading pairs may also reflect the surging demand for Dogecoin, driven by its active community and increasing use cases. Notably, cryptocurrency analyst Jason Marks has suggested a potential upward trajectory for DOGE, forecasting a move towards new highs, possibly surpassing $10 in the near future.

Market Trend and Price Analysis

However, Dogecoin (DOGE) experienced a notable 10% decline amid a widespread market downturn that affected major cryptocurrencies like Bitcoin and Ethereum, leading to liquidations exceeding $410 million. At the time of writing, DOGE was trading at approximately $0.1457, marking a 1.60% decrease over the previous 24 hours and an 8.91% drop over the past 7 days, according to CoinMarketCap.

Furthermore, there has been a notable increase in whale activity in DOGE, with over 150 transactions surpassing $1 million.

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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.