The DOGE Rocketship Takeoff Happening with Huobi Listing After Dogecoin Lands Elon Musk Endorsement

Dogecoin (DOGE) has been listed by Huobi Global, one of the largest and most recognized exchanges in the crypto market.

The decision to list the digital asset comes after Elon Musk endorsed the virtual currency on Twitter. The information was released by Decrypt a few hours ago.

Dogecoin Listed on Huobi Global

The leading digital asset exchange Huobi has decided to list one of the largest digital assets in the market, Dogecoin.

In a recent press release uploaded by Huobi, the firm informed that they will make deposits available for DOGE from April 4 at 9:00 GMT +8. The trading pairs are the following: DOGE/USDT, DOGE/BTC and DOGE/ETH.

Dogecoin has been experiencing very positive things during the last few days. Indeed, the digital asset started growing following the trend of the market and it received support from Elon Musk, the CEO of Tesla.

Mr. Musk stated that Dogecoin might be his favorite cryptocurrency since it is “pretty cool.” He has also added a description on his Twitter profile saying: Dogecoin CEO, which was later changed for “Former Dogecoin CEO.”

In just less than an hour, the market capitalization of this digital asset grew more than $70 million, allowing it to surpass the $400 million mark. Thus, these three things, the market growing, Dogecoin listed on Huobi and Elon Musk praising the digital asset, helped the virtual currency increase in price.

Dogecoin developer Ross Nicoll commented during a conversation with Decrypt:

“It was cool to have Elon take part in our little community and we would like to thank him for the approximately, 17 minutes he was CEO. We’re excited by the listing on Huobi and it’s always great to see wider adoption, looking forward to more in the future.”

Although Dogecoin has been listed in several digital currency exchanges, this is the first time that one of the largest platforms in the market adds support for this virtual currency. There have also been some rumors regarding Coinbase listing the digital asset, but there is no official information on the matter.

The digital currency was launched as a joke by Jackson Palmer, that moved away from the digital asset in 2014. Palmer explained that Dogecoin was like a hobby project similar to a side project thing.

At the time of writing this article, Dogecoin is the 22nd largest cryptocurrency in the market. Each DOGE can be purchased for $0.003501 and it has a market capitalization of $416 million as reported by CoinMarketCap. In the last 24 hours, the virtual currency registered a loss of 0.6%.

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