- Dogecoin secures a listing on Bitflyer, one of Japan’s largest crypto exchanges, enhancing its market accessibility.
- Historical patterns suggest Dogecoin might experience a significant bull run starting around April 2024.
Dogecoin (DOGE), the popular dog-themed digital currency, has secured a listing on Bitflyer, one of Japan’s largest crypto exchanges. This move will enhance Dogecoin’s accessibility and potentially positively influence its market performance.
Bitflyer, recognized as one of the foremost crypto exchanges in Japan, has expanded its portfolio by including Dogecoin. The decision is a reflection of the widespread use and acceptance of the digital coin since its launch in 2013. Dogecoin will be open for trading on Thursday, February 29, 2024, according to an official announcement made via Bitflyer’s X account. With the proactive addition of further new cryptocurrency assets, Bitflyer is further demonstrating its dedication to improving the investing options available to its clients.
／#DOGE 近日取扱い開始！
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bitFlyer は、販売所において 2024 年 2 月 29 日（木）より「ドージコイン（DOGE）」の取扱いを新たに開始する予定です。https://t.co/Hgzvv0HuX6#bF10 pic.twitter.com/AiEBrRfKZ1— bitFlyer（ビットフライヤー） (@bitFlyer) February 27, 2024
Dogecoin and the many supporters who have watched its growth from a lighthearted internet joke to a workable investment and transactional currency have won when it is now listed on a platform of this size. It is anticipated that this listing will strengthen Dogecoin’s standing in the cryptocurrency space by increasing investor accessibility and maybe increasing its market value.
Enhancing investment choices and web3 participation
Bitflyer’s decision to list Dogecoin aligns with its broader objective of diversifying the investment options available to its users and enhancing participation in the Web3 ecosystem. By integrating Dogecoin into its platform, Bitflyer is extending its users’ options to interact with the dynamic world of digital currencies while recognizing its potential as a legitimate digital asset
Dogecoin’s integration is evidence of Bitflyer’s creative approach to cryptocurrency trading and its steadfast commitment to providing users with a wide range of investment and engagement opportunities in the digital era. This action is expected to draw additional users to the site interested in using a well-known and ever more reliable coin to diversify their cryptocurrency holdings.
The listing of Dogecoin on Bitflyer represents a significant step forward in its global adoption and recognition. As one of the largest crypto exchanges in Japan, Bitflyer’s support for Dogecoin can significantly influence its market dynamics, potentially leading to increased trading volume and higher liquidity for the coin.
Dogecoin’s price responded favorably to the news, witnessing a 14% surge within 24 hours to a trading price of $0.091. This uptick is part of a broader crypto market rally, with Bitcoin leading the charge, having reclaimed the $57,000 mark for the first time since late 2021. The positive market sentiment and speculative interest in altcoins like Dogecoin have been buoyed by Bitcoin’s impressive 32% rise since the onset of 2024.
Historical Patterns Suggest a Bright Future
The trajectory of Dogecoin has often been a subject of analysis, with many pointing out its propensity to follow cyclical patterns mirroring past bull markets. A detailed analysis by Ali Martinez reveals that Dogecoin has consistently formed falling wedges on the weekly chart, followed by extended periods of consolidation, leading to significant price surges. Notably, between December 2013 and May 2025, Dogecoin experienced an 8,773% increase post-consolidation, and a similar pattern between January 2018 and February 2019 resulted in a staggering 23,740% rally.
The price action of #Dogecoin appears to mirror patterns observed in its past bull markets. If history repeats itself, we could see $DOGE enter a parabolic breakout around April! pic.twitter.com/fL1J3CP3mR
— Ali (@ali_charts) February 26, 2024
The pattern observed from May 2021 to June 2022 suggests that Dogecoin is currently in another consolidation phase, with predictions pointing towards the potential for another explosive bull market starting around April 2024. Crypto analysts and investors are closely monitoring these developments, speculating whether Dogecoin will defy expectations again and embark on a parabolic breakout.
