Bitcoin may have brought digital currency to the spotlight, but altcoins seem to have been enjoying media attention in recent weeks.
The unprecedented rise in the value of small-cap digital currencies has led to an influx of investors who have asked for their listing on popular trading platforms.
The latest is the Dogecoin meme-based digital currency (Doge), which enjoyed great fame after its bullish run in April.
In a few weeks in which Dogecoin recorded an increase in value of more than 300%, calls have continued to grow for the meme to be included in major encryption exchanges in the US. UU.
The first answer comes from the popular brokerage firm eToro.
eToro US Doge Lists
Israeli online brokerage firm eToro announced the inclusion of the parody-based digital currency Dogecoin on its US platform.
The list will see Dogecoin join a number of other popular digital assets such as Bitcoin (BTC), Ethereum (ETH) as well as, BCH, XRP, TRX, ETC, ADA, DASH, LTC, EOS, Miota, XLM , NEO, XTZ, ZEC, LINK and UNI on the eToro US platform.
The brokerage firm with more than 20 million global active users noted that this step was taken due to growing customer demand for the meme currency to be included in the list.
EToro’s decision comes at a time when it witnessed remarkable demonstrations. It is known as one of the most sought after digital currencies.
He has also received support from popular figures such as Tesla’s Elon Musk and Shark Tank investor Mark Cuban.
Both men have contributed greatly to the continued success of Dogecoin.
At one point, Musk described Doge as his favorite cryptography.
This caused the price of digital assets to rise by 20% with 10% more when he confirmed his appearance on the popular TV show Saturday Night Live.
Cuban has also been quite vocal.
He has spent most of 2021 talking about digital currency and its potential to revolutionize the financial landscape.
In a recent tweet, he compared Bitcoin and gold as value reserves, and noted that both are more or less financial religions in the way they are used.
He also noted that BTC is easy to exchange, create and store with minimal delivery issues.
In addition, Bitcoin allows for national and cross-border value transfer in contrast to gold, which he said can be a nuisance.
He also talked about the decentralized platform Ethereum, which he said is much better, cheaper and faster to authenticate financial transactions in a trust-free way through smart contracts than conventional financial institutions.
Cuban did not forget to talk about Doge in his series of tweets. According to the billionaire investor, Doge can become a usable currency if more companies accept digital currency in exchange for products and services.
Companies jumping on Doge
At the top of the list of companies adopting Dogecoin is the NBA Dallas Mavericks franchise. Since then, the Mavs have accepted Dogecoin as a form of payment for tickets and online merchandise. The solution was made in partnership with crypto payment provider BitPay.
Other companies that got on the Doge train have been consumer electronics company Newegg, Air Baltic and Canadian-based Internet service provider EasyDNS.
Dogecoin / USD DOGEUSD
$ 0.4113 0.037.50%
Volume 11.2 b Change $ 0.03 Open $ 0.4113 Current 129.45 b Market Capitalization 53.24 b
Jimmy has been following blockchain development for several years and is optimistic about its potential to democratize the financial system. When you’re not immersed in the daily events of the cryptographic scene, you may find yourself watching legal replacements or trying to beat your high Scrabble score.