More Dogecoin Millionaires, Up 2x!

thecekodok

 The Dogecoin community (DOGE) is increasingly excited about the news of the shiba inu -inspired currency listing on the Gemini exchange platform today Malaysian time.


The DOGE price also simultaneously hit a new all -time high (ATH) last night, $ 0.61.


In the uploaded blog content, starting today its users can deposit Dogecoin into their accounts. In fact, DOGE can also be traded with other fiat currencies including pound sterling, euro, Canadian dollar, Australian dollar, Hong Kong dollar and Singapore dollar.


Gemini explained the decision was taken was due to the DOGE trend that hit the crypto community following its surge. However, the firm also claimed that the value of the coin has the potential to plummet as well: “Yes, Dogecoin is a meme coin but all money is a meme. And all money has its own value depending on the ideas and beliefs of the owner. "



Gemini is the latest platform to list DOGE after eToro did so yesterday causing the token to approach $ 0.50.


Not to be outdone, this wave has ‘spawned’ a double dumping of dogecoin millionaires in just two weeks.


BitInfoCharts data since April 23, the growth of dogecoin wallets owning at least $ 1 million has increased 116% from 1,321 to 2,866 wallets as of May 4, 2021.


At the time of writing, DOGE is trading at $ 0.58, up over 39% in 24 hours and has now outperformed XRP based on its market value, $ 75.97 billion.

Tags