After eToro caused a price explosion at Dogecoin yesterday, the Gemini crypto exchange is now following suit – and DOGE is no longer stopping.
Bitcoin is still in a sideways trend. After the digital store of value lost another 3.46 percent compared to yesterday’s trading day, the BTC rate at the time of going to press is 54,247 US dollars. The attempt to regain the 60,000 mark thus seems to have ended unsuccessfully for the time being. Ethereum is also currently taking a break. After the second most valuable cryptocurrency hit a new all-time high yesterday at $ 3,523.59, profit-taking now appears to be clouding the ETH price. This is currently at $ 3,248.
However, the concentrated attention of today’s trading day is still with Dogecoin. After eToro caused a real price explosion yesterday when the broker quickly added DOGE to its range, the Memecoin catapulted itself into previously unimagined spheres. Dogecoin first broke the US $ 0.50 mark yesterday, whereupon the resistance at US $ 0.60 was cracked a short time later. The cryptocurrency Ripple’s XRP was thus pushed out of 4th place in the top 10 ranking. But the rally was not over yet. At the time of going to press, Dogecoin is now attacking $ 0.70 – the all-time high set a few hours ago is $ 0.6953. Compared to yesterday’s trading day, this is a price gain of almost 60 percent.
After eToro, Gemini is also following suit
After the addition of Dogecoin to the eToros range, it is now also being integrated into Gemini, the crypto exchange of the Winklevoss brothers. The founder of the platform announced on Twitter that the offer has now been expanded to include DOGE and will soon be released for retail.
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The tweet also links to one Blog post the crypto exchange. It says that the “people’s currency” is by no means “a joke”. Rather, Dogecoin continues the tradition initiated by Bitcoin to give people back control over their money. It also says:
Yes, it’s a memecoin, but all money is a meme. Money is both an idea and a matter of belief or belief. Over the millennia of history of money, the majority of money (be it shells, pearls, precious metals, etc.) has been worth what we humans say and believe it is worth.
Gemini in a blog post.
Dogecoin worth more than Audi
Thanks to the current rally, Dogecoin is not only able to outperform Bitcoin and Ethereum, but also gradually to outperform the market capitalization of well-known companies surpass. At press time, DOGE’s market capitalization is $ 86.81 billion. Already yesterday, the crypto currency managed to leave global players such as AXA insurance, game manufacturer Nintendo and sporting goods manufacturer Adidas behind. According to the current status, the Ingolstadt-based luxury car manufacturer Audi, the logistics company FedEx as well as the mineral oil company BP and the social media platform Snapchat have now also been caught.
After eToro and Gemini, the big question now remains whether the US crypto exchange, Coinbase, can also bring itself to listing Dogecoin. There have been voices within the DOGE community that have been calling for this for a long time. And the “dogefather” Elon Musk already spoke on Twitterr for a listing. So far, Coinbase has always held back with an implementation on its trading platform. Due to the increasing hype about the cryptocurrency, it could only be a matter of time before Coinbase also gives in to pressure from the community. Should this scenario prove to be true, a new all-time high would probably only be a matter of form. However, it remains to be seen whether the course will actually shoot to the moon.
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