The UK-based mobile banking app, Revolut, has announced to add Dogecoin (DOGE) to its platform. Revolut is one of the leading trading platforms in the UK and users will now be able to buy, sell and hold Dogecoin on the platform along with its 29 other coins. Revolut is also known as “challenger bank” because its challenges the traditional way banking is done. Dogecoin was added because of user demand.
Dogecoin (DOGE) rose to popularity because of being meme crypto. After all, it had started off as a joke between two engineers but it wouldn’t be a stretch to say that Dogecoin has proven itself to be more than a joke. The cryptocurrency has garnered a lot of attention because of the interest of some high-profile figures like Elon Musk. Musk is being dubbed as “Doge father” and had been responsible for the all-time high of the cryptocurrency.
However, as the excitement around Dogecoin died down during the market crash questions regarding the future of the cryptocurrency rose once again. Elon Musk took an active stance in the development of the cryptocurrency and the development team is now working with the billionaire CEO for the mass adoption of Dogecoin.
Dogecoin had also been added by Coinbase Pro – which is an extremely hard feat to achieve. Coinbase is one of the most selective exchanges with only 63 tokens listed. The listing had brought Dogecoin under the spotlight once again.
At the time of writing, Dogecoin (DOGE) stands at a price level of $0.32 – although the price has been trending downwards in the past twenty-four hours. Dogecoin is currently the sixth-largest cryptocurrency in the market with a capitalization of $41 billion.