Dogecoin surges to new all-time high following Gemini listing

Dogecoin surges to new all-time high following Gemini listing

“Meme” cryptocurrency Dogecoin (DOGE) is on the rise again today as its price has reached a new all-time high of $0.59 on the heels of its listing on crypto exchange Gemini.

According to CryptoSlate data, DOGE is currently trading at around $0.53, up 30% on the day and roughly 100% over the past seven days. Additionally, the sudden bull run has pushed Dogecoin to 4th place among the largest digital assets by market capitalization, right behind Bitcoin, Ethereum, and Binance Coin.

“Seriously $DOGE, what are you doing? #Dogecoin price jumps by 30% in 24 hours, breaking the $50 cents barrier, and is now the 4th crypto-asset by market cap,” tweeted data science company IntoTheBlock today, adding, “Investing 1000$ in DOGE on January 1 of 2021 would be worth $115,576 today. How’s that for a measure of speculation?”

Seriously $DOGE, what are you doing?#Dogecoin price jumps by 30% in 24 hours, breaking the $50 cents barrier, and is now the 4th crypto-asset by market capInvesting 1000$ in DOGE on January 1 of 2021 would be worth $115,576 today🤯How's that for a measure of speculation? pic.twitter.com/Mhpisd5Piy— IntoTheBlock (@intotheblock) May 4, 2021

Although this is just one-third of DOGE’s weekly gains, the latest push somewhat coincided with crypto exchange Gemini announcing that it now supports trading and custody of the coin.

“Deposits are now open for $DOGE. Keep an eye on our feed for trading updates!” Gemini, led by famous billionaire twins Winklevoss, tweeted today.

Deposits are now open for $DOGE. Keep an eye on our feed for trading updates!Learn more on our blog: https://t.co/kS2B2y4tQr pic.twitter.com/J4TgNrTBhI— Gemini (@Gemini) May 4, 2021

Meanwhile, crypto-friendly trading platform Robinhood reported that it was experiencing “issues with crypto trading” roughly an hour after Gemini’s announcement and DOGE’s surge that followed.

We’re currently experiencing issues with crypto trading. We're working to resolve this as soon as possible. For the latest updates, check https://t.co/ZS733G6N1J— Robinhood Help (@AskRobinhood) May 4, 2021

Everyone joins the fun

Several major companies also decided to jump on the DOGE hype train today, posting numerous tweets about the canine cryptocurrency.

🚀PUPWEISER TO THE MOON 🚀Wag your tail for this doggone DOGE cryptocan. @SlimJim please share with #DogeArmy🚨 #PupweiserContest pic.twitter.com/UTdYtzxfDP— Budweiser (@budweiserusa) May 3, 2021

“Maybe we should just #DogecoinToTheMoon,” tweeted Snickers. “PUPWEISER TO THE MOON,” proclaimed Budweiser, adding, “Wag your tail for this doggone DOGE cryptocan.”

🚀🌙 ・。 *✨。 ⚡️ *. ✨ ゚*.#DogeFam remains undefeated 。。 ⚡️ 。 ・✨ 🚀* ✨* pic.twitter.com/tAWdrzq4Id— Slim Jim 🚀 (@SlimJim) May 4, 2021

Surprisingly, Tesla and SpaceX CEO Elon Musk, who is perhaps the most well-known proponent of Dogecoin, stayed silent amid the market craze today (although, to be fair, he hasn’t tweeted anything since May 2).

However, it looks like other major companies have already picked up the DOGE banner as well.

Source