Gemini Offers Trading in Dogecoin: DOGE Prices Surge to New ATH
Dogecoin (DOGE) is on a roll, with intense buying frenzy taking its price to a new record high after climbing by almost 50% through the previous session after popular trading platforms eToro and Gemini added the cryptocurrency in their offerings to customers. At the time of writing, DOGE/USD is trading at around $0.68.
The memecoin started as a joke back in 2013 and has been garnering considerable attention over Tesla CEO Elon Musk’s frequent tweets and posts about the digital token. Over the past one year, Dogecoin’s value has strengthened by over 23,000% and by almost 1,000% over the past month.
The recent bullish moves have taken the digital asset to rank four in terms of market cap among cryptocurrencies, trailing Bitcoin, Ethereum and Bitcoin. On Wednesday, its total market cap stands at over $86 billion as per data on CoinMarketCap.
Strong fundamentals are offering ample support to the uptrend in Dogecoin, especially over reports about increased adoption and acceptance. In addition to announcements by eToro and Gemini, major league baseball team Oakland Athletics also recently announced that they would accept payment in this digital currency from fans wanting to buy tickets to their games.
DOGE has also been trading bullish lately in anticipation that Musk could mention the coin in his upcoming appearance on SNL at the end of this week. If this happens, it could further drive up interest in the cryptocurrency among traders as well as businesses.
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