Binance and Trust wallet are running a twitter poll to select which crypto should be added to their multi-currency wallet(To learn more about wallets). Binance is one of the largest crypto exchanges on the network, and allows users to connect up to their wallets on their mobile devices. Because of its ease of use, Cryptocurrencies that have been added to this wallet have seen spikes in their values.
Dogecoin is consistently ranked as one of the most used crypto currencies, with transactions numbers and trading volumes rivaling at times the more well known Bitcoin, Litecoin and Ethereum. Considering that Dogecoin has only been around for 5 years, it is impressive that it keeps up with the likes of Bitcoin in transaction volumes that have been around for over 10.
Spikes in trading do coincide with any breaking news about Crypto, and Dogecoin was not alone when it saw a large rise in trading on April 1st due to the tweet of Elon Musk.
The introduction of Dogecoin in more mainstream, multi-currency wallet shows promise for the coin being adopted for the regular user, as well as crypto being adopted as a viable means of purchasing goods and services.