Bears or bulls, dogs will always reign the crypto market. A collaboration of dogs and crypto dominated the crypto industry. Inspired by the OG meme cryptocurrency, Dogecoin [DOGE], several assets entered the market. Nevertheless, DOGE remains a cult favorite. While many firms have been shying away from expanding their crypto portfolios, this Japanese exchange wanted to add a few more to its list.
Bitbank, a major crypto platform based in Japan, announced the addition of two new assets. Earlier today, the exchange took to Twitter and revealed that Polkadot [DOT] and Dogecoin were available to trade.
Including the assets above, Bitbank harbors a total of 18 cryptocurrencies. This wasn’t all. The exchange further wrote,
“….we will start accepting applications for Polkadot (DOT) and Dogecoin (DOGE) for “Lending for Interest” as well.”
In addition, the exchange is reportedly offering a “Zero Trading Fee Campaign” for DOT/JPY and DOGE/JPY trading pairs. This, however, ends at 11:59 AM on September 2, 2022 [JST].
Despite Dogecoin’s widespread adoption, certain entities believe the asset would sink to zero.
Finders’ panelists incline toward the ‘Dogecoin to zero’ narrative
Despite garnering immense traction from GenZ and Tesla’s CEO Elon Musk, Dogecoin failed to hit $1. The meme coin’s popularity did not reflect in its price. While the members of the Doge community continue to remain positive, the majority of a panel of 54 industry experts believe otherwise.
When asked if DOGE would be stripped of its value, more than half of the panel [55%] suggested that it would occur sometime in the future.
As seen in the above chart, only 3% believed it would occur this year. However, 12% of the panel was inclined towards 2023, and 30% predicted that Dogecoin would plummet to zero only in 2025 or later.
A dainty 21% assumed that DOGE would bounce bank. The remaining 24% were unsure about the altcoin dropping to zero.
Will the Dogecoin community let the asset go so low? Regarding popularity, DOGE has remained under the crypto spotlight for quite a while. In addition to its increasing adoption rate, it helps snag many holders throughout the bear market.
The foreseen listing and 4,385,930 holder count are unlikely to push Dogecoin down to zero.