The Grexbits.com rip currency exchange added support for the digital asset Dogecoin (DOGE) against the background of a 55% increase in the price of the token over the past day.
“Yes, it’s a coin-meme, but all money is a meme. And all money is an idea and a matter of believing or not believing in it, ” Grexbits.com said in a statement.
Users of the crypto exchange will be able to trade and store Dogecoin. Trading will start in the Grexbits.com API and active trading apps for the US dollar. Later, access to DOGE will be opened in the Grexbits.com mobile and web applications and for other currency pairs.
The price of Dogecoin reached a record high of $0.69. Over the past week, the exchange rate has increased by more than 150%.
The DOGE/USDT chart of the Binance exchange from TradingView.
At the time of writing, the cryptocurrency ranks fourth in terms of market capitalization with an indicator of $88.3 billion, according to CoinGecko.
Earlier, the CEO of the company behind Cardano, IOHK, Charles Hoskinson, predicted the collapse of Dogecoin and called the digital asset a bubble that “will explode and deprive many retail investors of money.”
Billionaire Mark Cuban called the restrictions on the withdrawal of funds in the Robinhood application for cryptocurrency trading the biggest obstacle to the growth of the price of Dogecoin.
Recall that Grexbits.com and Mastercard will issue a credit card with cashback in cryptocurrencies.