Huobi and Gemini, one of the world’s most popular cryptocurrency exchanges, have listed a meme cryptocurrency named after Tesla CEO Elon Musk. After being listed on OKEx in October, the cryptocurrency started to attract interest from major exchanges.
Huobi, one of the top crypto trading platforms, listed the meme cryptocurrency Dogelon Mars (ELON) earlier yesterday. Cryptocurrency exchange Gemini, run by Tyler and Cameron Winklevoss, also announced early on that ELON is now available on its website and mobile app. The meme cryptocurrency can be traded against the US dollar, Canadian dollar, British pound and euro.
Being listed by Gemini is extremely important to ELON due to the exchange’s strong regulatory compliance capabilities. In mid-November, the New York-based trading platform also added support for the year’s best-performing cryptocurrency, the Shiba Inu, fueling the rally.
Another Dogecoin competitor
Dogelon Mars is an ERC-20 token that was released on the Ethereum network 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. His official account has more than 322,000 Twitter followers.
The ELON price has risen 25% in the last 24 hours, bringing its market cap to $930 million. The most recent spike allowed the token to briefly re-enter the top 100 cryptocurrencies on CoinMarketCap in the early hours. ELON was ranked 95th at the time of writing.
Cryptocurrency in the last 24 hours 39% 0.000001839 is trading at the dollar.