Gemini adds Dogecoin to its listing as token price climbs 55% in 24 hours

Gemini, the cryptocurrency exchange, added support for the digital asset Dogecoin (DOGE) amid a 55% jump in the token’s price over the last 24 hours.

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

‘Yes, it’s a meme coin, but all money is a meme. And all money is an idea and a question of belief or disbelief in it’, according to a statement from Gemini.

Trading of Dogecoin is available in the API/FIX and Active Trader applications for USD, and in Gemini’s mobile and web apps for pairs including other fiat currencies.

Dogecoin’s price reached a record high of $0.69. Over the last week the price has risen more than 150%.

As of writing, the cryptocurrency ranks fourth by market capitalization at $88.3 billion, according to CoinGecko.

Earlier, the CEO of IOHK, the company behind Cardano, Charles Hoskinson predicted the collapse of Dogecoin and called the digital asset a bubble that \\”will burst and deprive many retail investors of their money\\”.

Billionaire Mark Cuban called the withdrawals restrictions in Robinhood’s cryptocurrency trading app the biggest obstacle to Dogecoin’s price rise.

Recall, Gemini and Mastercard will launch a credit card with crypto cashback.

Read ForkLog’s bitcoin news in our Telegram — cryptocurrency news, prices and analysis.