Elon Musk and BitMEX sent Dogecoin into space again

CAN DOGECOIN (DOGE) EVER GET FULL SUPPORT FROM ELON MUSK!? Cryptocurrency News & Analysis 2021

CONTENT

  • Dogecoin Remains Leader of Growth Among Altcoins in 2021

  • Elon Musk again pampits cryptocurrency meme on Twitter

  • Dogecoin Remains Leader of Growth Among Altcoins in 2021

International consortium of news organizations developing transparency standards.

Cryptocurrency derivatives exchange BitMEX announced the launch of the Dogecoin perpetual swap (DOGE), and the head of Tesla added fuel to the fire with new tweets of the coin-meme

Cryptocurrency derivatives exchange BitMEX announced the launch of the Dogecoin perpetual swap (DOGE), and the head of Tesla added fuel to the fire with new tweets of the coin-meme.

On Friday, February 5, the BitMEX cryptocurrency derivatives exchange will start trading with Dogecoin perpetual swaps. Users will have access to contracts in DOGEUSDT with 20x leverage. New instrument to join Quanto’s fixed bitcoin multiplier product line.

The DOGEUSDT contract is now available on the platform testnet.

Every DOGE has its day. Introducing the new DOGEUSDT perp launching this Friday, 5 February. More details are available on our blog: https://t.co/2AK9p6sUNM pic.twitter.com/bffEtjGUOp

– BitMEX (@BitMEX) February 3, 2021

BitMEX is a cryptocurrency exchange specializing in derivatives. Some derivatives on the platform offer leverage up to 100x – the largest in the industry.

Dog joy

The popular meme coin gained 1300% last week and reached an all-time high of $ 0.1, thanks to the efforts of traders from the WallStreetBets branch on the Reddit platform. Earlier, the editorial staff of BeInCrypto reported that DOGE grew after the tweet of the porn star

Today, Tesla founder Elon Musk, well-known in cryptocurrency circles, fueled the interest of the crypto community in the coin-meme by tweeting that DOGE is a currency for people.

Dogecoin is the people’s crypto

– Elon Musk (@elonmusk) February 4, 2021

This news delighted fans of the cryptocurrency, who took it as a signal for new purchases. The coin has risen in price by almost 50% in a matter of hours after the tweet.

Some meat for DOGE

Elon Musk and BitMEX sent Dogecoin into space again

Dogecoin has more serious reasons for growth beyond Musk’s outspoken pump. In particular, OpenDAO and Ren announced a partnership with the Dogecoin developers. They plan to create stablecoins Stablecoins – literally translated from English “stable” coins – continue to gain popularity in the digital asset market. With … More DOGEO attached to this coin. DOGE holders will be able to borrow from DOGEO and use their coins as collateral.

ANNOUNCEMENT

renDOGE is HERE! https: //t.co/H5XnLDILQ7

@renprotocol and OpenDAO are teaming up to bring $ DOGE to #DeFi

Major stepping stone towards more integration, possibilities, and $ DOGEO stable coin …

COMING SOON!

Our Medium Article! Https: //t.co/OCpKkYkwRb pic.twitter.com/4ZlnL0rwiQ

– OpenDAO (@opendaoprotocol) January 26, 2021

In addition, altcoin has infiltrated the healthcare industry. A pass for him was a partnership with Kronos Advanced Technologies, an air purification technology company. Buyers of Kronos equipment can now pay in DOGE.

King of altcoins

Dogecoin (DOGE) has become the leader in terms of growth among altcoins. A positive fundamental agenda and a bit of hype set a bullish tone, which may eventually spread to other coins..

At the time of this writing, DOGE is trading at $ 0.05 since the beginning of the year, the coin has risen in price by 760%, while in the past seven days alone, the increase was more than 300%. For a while, the coin even made it to the top 10 by market capitalization..

DOGE / USD hourly chart. Source Tradingview

Dogecoin has always been considered a comic meme coin. This is what he originally intended. However, recent events and the growth rate of DOGE’s popularity indicate that there is only a fraction of a joke in every joke.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Elon Musk and BitMEX sent Dogecoin into space again
Elon Musk and BitMEX sent Dogecoin into space again

WILL DOGECOIN (DOGE) CONTINUE THE ELON MUSK EFFECT!? Cryptocurrency News & Analysis 2021

Elon Musk and BitMEX sent Dogecoin into space again