MegaDogecoin (MDOGE) Pairs Are Removed From Bitfinex’s list

According to a Wednesday release, MegaDogecoin (MDOGE), a variant of Dogecoin that equals one million tokens, has been discontinued by a cryptocurrency exchange based in the British Virgin Islands.

MegaDogecoin was the first meme cryptocurrency to be listed on Bitfinex in July 2020

It could be exchanged for the US dollar, Tether’s USDT stablecoin, and Bitcoin. On June 13, these trading pairs will be delisted. All remaining orders should be cancelled, according to the users.

Following a massive price surge due to popular films on social media platform TikTok, major exchanges began to expand their support for Dogecoin. Amateur traders stuck at home began pushing the joke coin, which was first released in 2013 as a Bitcoin parody.

Dogecoin resurfaced in popularity in early 2021, thanks to Tesla CEO Elon Musk and other celebrities who used frequent tweets to push the funny cryptocurrency farther into the mainstream. The “people’s crypto” became one of the most traded cryptocurrencies in the first quarter of the previous year as a result of its triumphant price climb.

In April 2021, Bitfinex added support for “regular” Dogecoin, allowing users to trade it against the USD and USDT. These pairs will be offered on the exchange in the future.

Despite falling 89 % from its all-time high of $0.73, Dogecoin is still the tenth most valuable cryptocurrency, with a market valuation of over $10.6 million.

According to Google Trends statistics, interest in Dogecoin has dropped dramatically.

Musk, who recently traded barbs with co-founder Jackson Palmer, is the key reason for the joke coin’s popularity.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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