Dogecoin [DOGE] – Elon Musk’s Favorite Cryptocurrency Listed on This Exchange
2021-06-22 15:44

Dogecoin (DOGE) is gaining a massive interest from exchanges like Huobi. The meme-coin has recently been famous as Elon Musk’s favorite cryptocurrency which might have influenced Huobi exchange to list it on its trading platform. At the moment, the coin has jumped from its 24th position to 23rd position.

Elon Musk’s move of updating his bio as ‘former CEO of Dogecoin’ have got the mainstream attention – moreover, his love for Dogecoin (DOGE) has soared the value of coin within a couple of hours. Although the present value of Dogecoin is declined with 8.46% over the past 24 hours, its leap in terms of market capitalization is quite remarkable. Per the Coinmarketcap (CMC), DOGE is presently the 23rd largest cryptocurrency after defeating VeChain from its 24th position.
Announced on April 04, 2019, Huobi global is offering DOGE trading in multiple pairs including DOGE/USDT, DOGE/BTC, and DOGE/ETH. DOGEcoin deposit began from April 4, 9:00, 2019 (GMT+8) whereas withdrawals made available from 17:00, April 4, 2019 (GMT+8).
To celebrate Dogecoin listing, Huobi exchange announced the giveaway on top of deposit and trading of newly listed crypto. It says ‘Deposit & trade to win your share of 10M dogecoins’. Per the report, the double campaign (deposit and trading) rolled out from April 04 and will lapse on April 14 (GMT+8). Accordingly, the deposit campaign contains 6 million DOGE whereas trading campaign involves 4 million DOGE.
To participate and win, one must have verified account at Huobi Global exchange. The blog reads that;
During the promotion, any verified users who deposit DOGE to Huobi Global can share 6 million DOGE in total proportionate to their DOGE net deposit volume (DOGE net deposit volume = DOGE deposit volume – DOGE withdrawal volume).
During the promotion, any verified users who trade DOGE on Huobi Global can share 4 million DOGE in total proportionate to their DOGE trading volume (trading volume = buying + selling volume, excluding self-trading volume).