Dogecoin rises 50% and breaks record after being listed on new exchanges | Finance & Finance

Dogecoin (DOGE), the popular cryptocurrency based on a meme, has risen about 50% in the last 24 hours and reached a new price record this Tuesday (04). The digital currency has surpassed the half-dollar mark, gaining strength after being listed on eToro and Gemini exchanges this week. As a result, millions of new users worldwide have gained access to DOGE.

Dogecoin fires after Gemini and eToro start negotiating the cryptocurrency (Image: Дмитрий Шустов / Flickr)

According to the price index CoinDesk, dogecoin was traded for $ 0.61 this afternoon, accumulating more than 50% appreciation from yesterday to today. The previous record was $ 0.45, set in mid-April when Elon Musk, CEO of Tesla and SpaceX, tweeted about the currency and sent it up 200%.

DOGE price rose 50% from yesterday to today and reached a new record of US $ 0.61 (Image: Reproduction / CoinDesk)

DOGE price rose 50% from yesterday to today and reached a new record of US $ 0.61 (Image: Reproduction / CoinDesk)

eToro and Gemini start negotiating dogecoin

This time, DOGE was not driven by jokes or statements by celebrities. The brokerage eToro announced the inclusion of digital currency in its catalog last Monday (03), citing an increase in the demand of its customers for dogecoin. Thus, its 20 million users around the world now have access to the purchase and sale of the asset.

Then, on Tuesday morning, Gemini, another major cryptocurrency exchange founded by the Winklevoss twins, also revealed that it will now include dogecoin in its listing.

“Dogecoin is the people’s currency,” said Tyler Winklevoss, Gemini’s CEO, in a statement. For him, cryptocurrency is “organic, irreverent and fun”. While acknowledging that digital currency was born out of a joke, the executive also said that money historically operates in a similar way to a meme.

“During the millenary history of money, most coins (whether shells, precious metals, rocks, etc.) were determined by what people said and believed,” said Tyler Winklevoss.

Dogecoin surpasses XRP and becomes 4th largest cryptocurrency

Dogecoin becomes 4th largest cryptocurrency in market value (Image: Reproduction / CoinMarketCap)

Dogecoin becomes 4th largest cryptocurrency in market value (Image: Reproduction / CoinMarketCap)

With today’s new maxim, dogecoin has gained billions in capitalization, surpassing Ripple (XRP) and becoming the fourth largest cryptocurrency in market value. Today, DOGE was worth more than US $ 78 billion, also registering a new record, according to data from the CoinMarketCap.

The meme cryptocurrency is also experiencing high market demand. O CoinDesk indicates that $ 1.69 billion was traded on dogecoin in the past 24 hours, following the euphoria of investors who started buying digital currency through the new listings on eToro and Gemini.

Dogecoin begins to be treated as a real asset

Increasingly, DOGE is no longer treated exclusively as a joke. As much as the cryptocurrency is fun and famous as Elon Musk has adopted it as a favorite, dogecoin begins to go through a serious process of validation. With more exchanges deciding to include the currency in their listings, sports teams are already incorporating it financially.

This past Monday, the American baseball team Oakland Athletics started selling tickets through dogecoin. Two-seat packages for the Toronto Blue Jays series of games were offered for 100 DOGE, about $ 58 at the time of publication.

Previously, the professional basketball team Dallas Mavericks, of billionaire and TV presenter Mark Cuban, had also announced in early March that he would now accept DOGE payments for tickets and official products.

With information: CoinDesk

Leave a Comment