The cryptocurrency inspired by Elon Musk has been listed on two major cryptocurrency exchanges, Huobi and Gemini.
A dog meme named after Tesla CEO Elon Musk is a cryptocurrency. Dogelon Mars (ELON)started gaining significant traction on major exchanges after being listed on OKEx in October.
Huobi, one of the leading cryptocurrency exchanges, listed the meme cryptocurrency earlier today. ELON will also start spot trading once there is sufficient deposit volume.
Cryptocurrency exchange Gemini, run by Tyler and Cameron Winklevoss, also announced earlier today that ELON is now available on its website and mobile app. Meme cryptocurrency; It can be traded against the US dollar, Canadian dollar, British pound and euro.
Gemini listing is very important to ELON as the Winklevii powered exchange is known for its strict regulatory compliance process.
In mid-November, the New York-based trading platform also added support for the year’s best-performing cryptocurrency, the Shiba Inu.
Another Dogecoin competitor
Dogelon Mars is an ERC-20 token that was released on the Ethereum blockchain in April, at the height of the Dogecoin craze.
Despite not being associated with the billionaire in any way, ELON has managed to gain a substantial following and his official account has grown to over 322,000 Twitter followers.
The price of ELON has risen nearly 25 percent in the last 24 hours, bringing its market cap to $935 million. The post-announcement spike allowed the token to briefly re-enter the top 100 cryptocurrencies on CoinMarketCap earlier today.
ELON is down 35.7 percent from its October 30 peak of $0.00000259 and is trading at $0.00000168. By comparison, SHIB is 55.64% away from peak lifetime.
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