Huobi and Gemini have listed an Elon Musk-inspired cryptocurrency
Dogelon Mars (ELON), a meme dog coin named after Tesla CEO Elon Musk, has started to gain significant traction with major exchanges after being listed on OKEx in October.
Huobi, one of the leading cryptocurrency trading platforms, listed the cryptocurrency meme earlier today. Spot trading will start when there is sufficient volume of deposits.
Gemini, the cryptocurrency exchange spearheaded by Tyler and Cameron Winklevoss, announced today that ELON is now available on its website and mobile app. The meme cryptocurrency can be traded against the US dollar, the Canadian dollar, the British pound, and the euro.
The Gemini listing is quite significant for ELON given that the Winklevii-backed exchange is known for its strong regulatory compliance.
In mid-November, the New York-based trading platform also added support for Shiba Inu, the best-performing cryptocurrency of the year, which also helped fuel a massive 4,000% rally at Dogelon in October.
Another rival to Dogecoin
Dogelon Mars is an ERC-20 token that launched on the Ethereum blockchain in April amid the peak of the Dogecoin craze.
Despite not being associated with the centibillionaire in any way, ELON managed to gain a significant following. His official account has more than 322,000 followers on Twitter.
ELON’s price is up 25% in the last 24 hours, bringing its market capitalization to $ 930 million. The most recent spike allowed the token to briefly re-enter the top 100 cryptocurrencies on CoinMarketCap today.
ELON is still down 33.9% from the October 30 peak of $ 0.00000259. SHIB, by comparison, is 55.64% from peak for life.