Dogecoin Hits the Big Leagues: Elon Musk’s Favorite Cryptocurrency Now Listed by Huobi

Dogecoin Hits the Big Leagues: Elon Musk’s Favorite Cryptocurrency Now Listed by Huobi 1
Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here.

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here.

Veteran exchange Huobi announced today that it would be listing three pairs for Dogecoin: DOGE/BTC, DOGE/ETH, and DOGE/USDT.

When Moon?

Dogecoin recently experienced a significant pump but has corrected on its BTC peg in the interim. The limitless supply cryptocurrency created by Jackson Palmer in 2014 has historically ranged between 50 and 100 Satoshis per coin, sometimes reaching as high as 2-300.

The currency is widely traded and used in many places that also accept Bitcoin, Litecoin, and Ethereum, including gambling sites and payment processors. Notably, it is one of the oldest cryptocurrencies with a reasonable hashrate not to be offered by Coinbase for sale.

Huobi Calls Doge “High-Quality”

Huobi writes in their announcement:

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).

Perhaps intentionally, the team did not announce this news on April fool’s day, when people might have taken that wording for a joke. While some still view Dogecoin as a “joke,” we have previously noted here that the cryptocurrency – based on a meme – maintains a high degree of liquidity and trading platforms.

You’d Be Surprised How Many Places You Can Trade Doge Against Fiat Stablecoins

Aside from Huobi, several other exchanges offer stablecoin pairs for Dogecoin, which enables traders to visualize a fiat value for the crypto. Huobi Global (hbg.com) is the eighth largest crypto exchange by trading volume, as of press time. Trading and withdrawals will begin a few hours from now, at 7 PM PST. You can deposit on Huobi.com and HBG.com.

Huobi.com was previously HBUS, the exclusive US partner of Huobi.

Dogecoin creator Jackson Palmer recently rankled some crypto community members when he went on a bit of a tirade about the viability of Bitcoin and comparisons with other networked technologies, like the Internet, in terms of investment, userbase, and scaling.

Just two days ago, Telsa CEO Elon Musk said his favorite cryptocurrency is Dogecoin – his choice might be related to Palmer helping him deal with Twitter scams some time back. Musk said:

The Tweet was in response to a semi-joke from the Dogecoin community about electing a CEO for the cryptocurrency. Palmer has long since abdicated any critical role in the crypto, admitting that it was started on a whim long ago and having several in-fights in the early days.

Palmer made a joke about Dogecoin recently:

But the joke currency’s founder has made it publicly clear that he has no involvement in any cryptocurrency project at all, at present:

Coinflict of Interest, a browser plugin that processes Twitter users and categorizes their cryptocurrency biases, shows that Palmer favors Ethereum over Bitcoin or Bitcoin Cash.



About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,832 0.18 % 0.77 % 2.20 %
Ethereum1,967.9 0.55 % 0.89 % 6.08 %
Tether1.000 0.00 % 0.03 % 0.05 %
BNB329.03 0.26 % 0.06 % 7.34 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
XRP0.4083 0.16 % 0.36 % 7.02 %
Binance USD1.000 0.09 % 0.07 % 0.10 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana48.71 0.37 % 1.94 % 15.17 %
Dogecoin0.08412 0.03 % 0.38 % 6.97 %

bitcoin
Bitcoin (BTC) $ 29,778.00
ethereum
Ethereum (ETH) $ 1,959.87
tether
Tether (USDT) $ 0.999646
bnb
BNB (BNB) $ 328.51
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.408574
binance-usd
Binance USD (BUSD) $ 0.999274
cardano
Cardano (ADA) $ 0.517
solana
Solana (SOL) $ 48.60
polkadot
Polkadot (DOT) $ 10.00