Dogecoin is still in the news with its frequent pump and dump. eToro, an Israel-based social trading service provider, has added dogecoin among the traded assets on the platform.
The meme currency is grabbing the attention of both seasoned traders and rookies. It is now among the most sought-after cryptocurrency. eToro has added dogecoin on the exchange due to the high demand of clients. The 20 million users of the platform are now able to trade $DOGE.
Dogecoin has surged close to 6% in value in the past 24 hours. The currency is the 5th largest crypto with a market cap of $53.21 billion.
Elon The Dogemaker:
Dogecoin rose to popularity after Elon Musk started backing the currency through its official Twitter account. Many other celebrities, including the billionaire Mark Cuban, also started tweeting in favor of meme currency. Subsequently, traders started buying $Doge both as a joke and as a serious investment.
In the past two months, Elon’s one Tweet mentioning dogecoin would bring up to a 50% rise in coin’s value within minutes. This happened on multiple occasions, as this site reported.
Mr. Musk, the world’s second-richest man and hodler of bitcoin, recently fueled another round of doge pump with his Tweet.
SNL May 8
— Elon Musk (@elonmusk) April 28, 2021
Dogecoin is keeping up with its upward rally. Following listing on the eToro platform, $DOGE will continue to fascinate crypto traders.