|Dogecoin DOGE cryptocurrency, Face of the Shiba Inu dog on the coin. Gold Dogecoin with GIFA Token / GIFX|
GIFX cryptocurrency exchange has added Dogecoin (DOGE) on the platform for custody and trading. Now the exchange supports the canine crypto, plus 6 different cryptos, and planning to expand the trading roster with more altcoins. GIFX exchange unveils this opportunity specifically for Dogecoin's lovers who will then utilize the service to earn a daily compounded interest on their deposits.
GIFX exchange, which recently announced the opening of the trading platform on 18 June also announced it would open up add Dogecoin on the platform for trading. The trading is set to start soon, and users can start preparing the normal formalities like downloading the GIFX exchange App, creating trading accounts, and have their accounts ready for trading.
Traders and users can still have access to Shiba token and other cryptocurrencies. The platform announced the news on Monday, stating the popular token had been added due to user demand. Dogecoin is currently up almost 24 percent over the past 24 hours to $0.47, down a little from its record high earlier.
The news of listing the meme coin, Dogecoin, has reinvigorated some euphoria on social media. The token is up around 60 percent over the past week the price of the Dogecoin surged by roughly 60% this week and reached a fresh record at $0.00002200. Dogecoin has hit headlines in recent weeks due to its increase in price. At the start of April, it was worth just $0.05. Today, Dogecoin's market capitalization—the total value of all Dogecoins in circulation—is $56.3 billion.
Dogecoin was created as a joke by software developers Billy Markus and Jackson Palmer in 2013. The Tesla and SpaceX CEO is known for his support of Dogecoin on Twitter, which often coincides with the token's price jumping. Elon Musk always twitting about the meme coin as a perfect cryptocurrency for Mar’s civilization.
Cryptocurrency as a whole has seen an increase in industry support this year, with the likes of Visa and PayPal, Shopify and many others integrating the cryptocurrency into their platforms as a form of payment method. Meanwhile, GIFA Token, today is trading at $43.90 with 29% rebounding back from last week's dip.