cryptoglobe.com
On Tuesday (May 5), just one day after crypto exchange eToro added support for Dogecoin ($DOGE), the Gemini exchange, which is owned by the Winklevoss twins, listed the super popular meme-based cryptocurrency.
Around 11:22 UTC on May 3, eToro succumbed to customer demand and added support for trading of Dogecoin on its platform.
$DOGE is here!
— eToro (@eToro) May 3, 2021
Here's what you need to know
👉https://t.co/GJWYpH98VM
⚠ Not investment advice
Much good boy! Such happy!
— eToro (@eToro) May 3, 2021
Very currency
👉https://t.co/PHcHpITfKF pic.twitter.com/D1Mp5agE4k
Well, roughly 25 hours later, crypto exchange Gemini decided to do the same, presumably having noticed that Dogecoin has the second highest 24-hour trading volume out of all cryptoassets:
Gemini adopted a $DOGE. Such WOW https://t.co/YlTiNDHoYX pic.twitter.com/PVdvMYydhK
— Gemini (@Gemini) May 4, 2021
Tyler Winklevoss, Co-Founder and CEO of Gemini, called Dogecoin “the people’s money.”
Dogecoin is the people’s money. It’s organic, irreverent, and fun. @Gemini now supports $DOGE. Deposits are open. Trading to follow shortly.https://t.co/sPLhi9wlry
— Tyler Winklevoss (@tyler) May 4, 2021
Currently (as of 14:15 UTC on May 5), data by TradingView indicates that — on crypto exchange Bittrex — Dogecoin is trading around $0.5840, having set a new all-time high ($0.6000) at 14:09 UTC. This makes Dogecoin the fourth-most valuable cryptoasset by market cap. In the past 24-hour period, DOGE-USD is up by over 45%.
Yesterday, Dave Kaval, president of Major League Baseball team Oakland Athletics (aka “Oakland A’s”), made the following announcement:
We just processed first Dogecoin transaction in @mlb history! #DogecoinToTheMoon @Athletics https://t.co/tgElcRrExf
— Dave Kaval (@DaveKaval) May 3, 2021
And with many fans of Dogecoin expecting the price to reach $1 by Saturday (May 8), when Dogecoin’s most famous fan Tesla CEO Elon Musk makes his hosting debut on U.S. TV show Saturday Night Live (SNL), where he has promised to mention Dogecoin, it is perhaps not too surprising to find out from Dogecoin co-creator Billy Markus that some people are selling their Coinbase shares (NASDAQ: COIN) to buy $DOGE.
i feel like some people are selling coinbase stock to buy DOGE
— Shibetoshi Nakamoto (@BillyM2k) May 4, 2021
as a coinbase shareholder i’m like 😭
but as the creator of dogecoin i’m like… pic.twitter.com/uRcS5iOslt
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
IMAGE CREDIT
Featured Image by “422737” via Pixabay.com