After Climbing – DOGE Payouts Stopped on Several Crypto Exchanges
There are problems on several crypto exchanges with the withdrawal of Dogecoin assets.
There are problems with Dogecoin (DOGE) withdrawals on some major crypto exchanges after the „joke cryptocurrency“ climbed more than 900% due to a recent social media hype.
Accordingly, several crypto users have reported that they have recently been unable to clear out their Dogecoin balances because several crypto exchanges have stopped withdrawals for the Bitcoin Investor cryptocurrency at the same time. Among the crypto trading platforms in question are big names like Poloniex, Bittrex and Yobit.
Some crypto users state that they signed up specifically with crypto exchanges like Poloniex in order to be able to trade the DOGE, because not all crypto trading platforms carry the „meme coin“. The unpleasant surprise followed on its heels, as shortly after their sign-ups and deposits, the cryptocurrency can no longer be booked out. „We are working to ensure that the wallet can be used again as soon as possible, however we are currently unable to estimate how long this will take,“ as Poloniex explains to this effect.
I guess it was worth less than a tenth of a penny (in total) at that time, so I didn’t bother closing it. It’s worth $27 now!
Whattay ROI. pic.twitter.com/6CatphcrlE
– (@zeelaaf) January 29, 2021
Binance.US, the American offshoot of the market-leading crypto exchange Binance, is also experiencing problems with payouts in DOGE. However, as the platform stated today (Friday), DOGE payouts were only temporarily halted due to maintenance work. They are said to have been reactivated in the meantime.
Meanwhile, Dogecoin has slipped out of the top 10 cryptocurrencies again
After all, it is still in 13th place in the ranking by market capitalisation.
This is due to a brief period of weakness in the recent price performance, but the losses are small compared to astronomical gains. At press time, DOGE is at US$0.047, a gain of 480% in the last week.
As Cointelegraph had reported, Dogecoin’s climb is primarily driven by small investors who have colluded together on the social network Reddit. These had also previously driven the stock of video game retailer GameStop to unprecedented heights, causing much buzz in the financial and crypto industries.
At the time of going to press today, almost 800,000 tweets had been written about Dogecoin, while only 170,000 tweets had been sent about the market leader Bitcoin, which illustrates the current hype around the altcoin.