Cryptocurrency exchange Gemini supports dogecoin by allowing its clients in all 50 U.S. states access to trade and holds dogecoin, this will first kick off on Gemini’s API and active trader applications for USD.
Reports say Dogecoin might see more professional and institutional traders going all-in into the meme coin.
According to CoinGecko, dogecoin has seen over 20,000% profit since its launch date and is currently priced at around S0.50 with a $66 billion market cap.
Research conducted by Mastercard to check ‘Consumer Appetite for Digital Payments Takes Off’ among 15,000 respondents across 18 countries revealed that 40% of ten people plan to use cryptocurrency for payments within the next year.
67% of the respondents agreed they are now more open to using cryptocurrency than before while 77% want to learn more about crypto.
However, 75% said they would use digital assets if they are easier to understand.
Mogo fintech company which is also traded on Nasdaq bought about 146 ETH worth $405,880 at an average price of $2,780 according to their recent announcement.
This is part of its initial plan to invest up to 5% of its cash and investment portfolio into digital assets.
Mogo had purchased about 18 bitcoins in open-market transactions at an average price of $33,083.
Ethereum, the second-largest cryptocurrency by market cap hit a price milestone above $3000.
Dogecoin sees new Highs, the meme coin currently is being valued higher than Twitter and Ford.
According to the Asset Dash rankings, Dogecoin is ranked number 255 with $49-8 billion, under the Popular Newmont Corporation with a market cap of slightly over $50 billion.
Elon Musk and businessman, Mark Cuban is solely behind these surges as they have publicly thrown their wealth and support on the coin in social media.
The Binance chief, Changpeng Zhao argued in an interview with Bloomberg TV that Bitcoin has seen very little volatility when compared with other stocks like Apple and Tesla.
He added that Volatility is not particular to crypto but also everywhere. Zhao has almost 100% of his net worth in crypto.
The crypto market sees new gains as Eth hits $3000 for the first time and Btc ready to touch $6000 since Mid-April.