Cryptocurrency News & Updates

Elon Musk-Named Dog Coin Embraced by Major Crypto Exchanges


Huobi as well as Gemini announced a crypto-currency that is influenced by Elon Musk

Dogelon Mars (ELON), an emoji dog coin named in honor of Tesla Chief Executive Officer Elon Musk, has been getting some attention from major exchanges following its listing by OKEx during October.

Huobi is one of the most popular cryptocurrency trading platforms, has listed the meme cryptocurrency earlier in the day. Spot trading will begin after there is a sufficient amount of deposits.

Gemini the cryptocurrency exchange founded by Tyler and Cameron Winklevoss has announced that ELON is available on its mobile and website application. The meme cryptocurrency is used to trade against U.S. dollar, the Canadian dollar as well as the British pounds and the euro.

It is important to note that the Gemini listing is extremely important for ELON since the Winklevii-backed exchange is renowned for its strict regulatory compliance.

In November, in the middle of the month the trading platform based in New York also announced assistance for Shiba Inu, which is the most profitable currency of this year which also fueled an incredible 4,000% rise of 4,000% in Dogelon during October.

Another Dogecoin competitor

Dogelon Mars is an ERC-20 token that was introduced in the Ethereum blockchain in April, during the height of the Dogecoin popularity.

Although it is not connected to the centibillionaire in any way ELON has managed to build an impressive following. Its official Twitter account boasts more than 322,000 followers on Twitter.

The ELON price has increased by 25 percent over the last 24 hours, which has pushed its market cap up to $930 million. The most recent increase allowed it to temporarily enter the top 100 cryptos on CoinMarketCap in the early hours of today.

ELON is down 33.9 percent since the October. 30 high of $0.00000259. SHIB is a good example. SHIB is 55.64 percent far from the peak of its lifetime.


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