Dogecoin Makes It To The Big Leagues

Dogecoin, which is Elon Musk’s favourite cryptocurrency at the moment, has recently been making the headlines for a lot of reasons.

It has started picking up momentum on the internet, as well as on the market in terms of its trading volume and prices. Primarily, this started when Elon Musk tweeted the following:

https://twitter.com/elonmusk/status/1113173498384441344

The Dogecoin crypto started off as a tipping currency because of its low value. However, it is now being used widely by traders and is being accepted by many places that also accept Bitcoin, Litecoin, and Ethereum, including gambling sites and payment processors.

The cryptocurrency has recently made it to the big leagues by being listed on Huobi, one of the largest cryptocurrency exchanges out there. Huobi released a statement saying:

In a dedicated effort to provide our customers with carefully vetted and high-quality trading options, we are announcing support for a new addition to the Huobi Marketplace: Dogecoin (DOGE).

Traditionally considered as a ‘joke’, this cryptocurrency has quickly become a legit digital asset. Being based on the infamous dog meme of a Shiba Inu doesn’t take away from the fact that the coin offers a high degree of liquidity on trading platforms.

The coin became a rage on Twitter after Musk tweeted that it was his favourite cryptocurrency. The Dogecoin creators also offered to jokingly make him the CEO of the coin:

https://twitter.com/Tom_Heats/status/1113008901497278465

A lot of other crypto exchanges have no started listing Huobi as a trading pair with other stablecoins.

The Dogecoin community is rejoicing right now because this is a sign that the currency is finally becoming a legitimate digital currency.

So if you are still asking yourself ‘Is Dogecoin A Joke Or A Real Bitcoin Rival?‘, we say that while it definitely cannot rival bitcoin at this stage, it sure is no joke anymore.