Binance just stated that it had reopened Dogecoin withdrawals after previously restricting them owing to a problem with Doge’s latest upgrade. Users who had been unable to withdraw their Dogecoin from the platform were relieved by the restoration. Following this, Binance CEO Changpeng Zhao offered a community gift.
How To Participate
According to the CEO’s statement, the sign-up process for participating in the sweepstakes was rather simple. To be eligible, Zhao stated on Twitter that all individuals had to do is retweet the announcement tweet, follow his account, Elon Musk’s account, and the official Binance Twitter account. Finally, users must tweet the award they desire and why they deserve it using the provided hashtags.
https://twitter.com/cz_binance/status/1465309845012287490?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465309845012287490%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fbitcoinist.com%2F50000-in-dogecoin-and-a-tesla-up-for-grabs-in-binance-giveaway%2F
The CEO revealed that users might win $50,000 in Dogecoin or a brand-new Tesla. Each of these prizes would be awarded to fortunate winners who were chosen based on their tweets using the hashtag. The tweet includes a 13-second video demonstrating the prizes up for grabs in the sweepstakes.
The contest began on September 29th and will continue until December 13th, when the winners of both categories will be chosen and awarded their prizes. The winner of the automobile will get a Tesla Model 3, with the option of receiving the car’s BNB value equivalent.
Tweets competing for the top spot in the sweepstakes have already begun to circulate on the network. Twitter users have used the hashtags to express what they would do if they won the prizes. This includes holding, acquiring real land, and paying for education, among other things. Users can only enter the contest once.
Dogecoin has seen some market gain, but not enough to make a significant difference. The digital asset’s price has been trending down at $0.2 point, which was more than 60% lower than its all-time high. Although the buzz surrounding meme currencies has not subsided, it appears that the market has forgotten about the initial meme currency.
Price of Dogecoin
The meme currency has maintained its dominance in social media and Google search trends despite the downward trend. For November, Dogecoin ranked first among 30 U.S. states regarding the most searched cryptocurrency.
Although signs point to sell signals being in the majority, the beginning of December has not been too awful for the price. The price has remained over the $0.2 mark.
