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.

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:

Top 10 Cryptoassets by 24-Hour Trading Volume Data by CryptoCompare

Tyler Winklevoss, Co-Founder and CEO of Gemini, called Dogecoin “the people’s money.”

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%.

One-Day DOGE-USD Chart (Bittrex) by TradingView

Yesterday, Dave Kaval, president of Major League Baseball team Oakland Athletics (aka “Oakland A’s”), made the following announcement:

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.


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.


Featured Image by “422737” via Pixabay.com