It seems like Elon Musk’s favorite cryptocurrency is gaining a momentum as of recently. We are talking about Dogecoin (DOGE) which started off as a meme cryptocurrency inspired by a funny dog photo – to later get accepted as a crypto and today get listed on the veteran cryptocurrency exchange Huobi as part of the latest cryptocurrency news.
What’s important to mention is the recent momentum that Dogecoin experienced. The altcoin has corrected on its BTC peg in the interim. However, this historical surge for the currency is based on a lot of attention as well as it being widely traded and used in many places that also accept Bitcoin, Litecoin and Ethereum such as gambling sites and payment processors.
Facts show that Dogecoin is one of the oldest cryptocurrencies with a reasonable hashrate that has never been offered by Coinbase for sale. As Huobi stated in the announcement introducing the three new pairs:
“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).”
Speaking of, the pairs will include DOGE/BTC, DOGE/ETH, and DOGE/USDT.
For the skeptics out there thinking that this is a joke, it is worth to mention that the team did not announce the news on April fool’s day (when people might have taken them as joke) but actually listed a cryptocurrency which maintains a high degree of liquidity and trading platforms.
Huobi Global (hbg.com) is the eight largest crypto exchange by trading volume at press time. The Dogecoin (DOGE) trading and withdrawals will begin at 7PM PST on April 5 and the first deposits can be made on Huobi.com and HBG.com.
However, Huobi is not the only exchange to offer stablecoin pairs for Dogecoin and enable traders to visualize a fiat value for crypto.
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“I would like to say I had enough foresight and enough courage to buy as it went all the way down.’’The bitcoin price was trading today at $10,560 which means that Bannon was highly rewarded and some other crypto investors as well that survived the ‘’crypto winter.’’ Steve Bannon had a bullish bet that led Joe Krenen himself who is also a budding Crypto Twitter darling to create a new nickname for the Breitbart executive chairman to ‘’Bitcoin Bannon.’’ Steve Bannon says that his interest in cryptocurrency is now more than speculative. The remarks he made in the past he stated that crypto technology would be a huge and important part of this new true passion project which is the ‘’global populist revolt.’’
“I think cryptocurrencies have a big future, I really do. I think they can be a very important part going forward, particularly in this global populist revolt.’’Previously, Bannon called bitcoin and its usage a ‘’disruptive populism’’ and stated that the cryptocurrency is a revolutionary technology because it takes back the control from the central authorities which are central banks and US Federal Reserve who have strict monetary policies and have been causing President Trump so much consternation in the past year. Bannon even noted that he is considering launching its own ‘’utility token for the populist movement’’ but it is still not appear that the plans are going really anywhere. As noted in the coming altcoin news, Trump stated that he is not a fan of bitcoin and some of the cabinet officials have railed against the cryptocurrency and connected it with criminal activity. The Treasury Secretary Steven Mnuchin even warned that it could even become a national security risk and a huge threat to the global financial system.
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