Starting in 2013 as a joke coin, the cryptocurrency Dogecoin made its surge on June 2 with its 28.66% rate. It was trading at a level of $0.419919 at 3:55 pm as per the US-based crypto exchange, Coinbase. Along with this, its market value made its way to $54.47 billion in just 24 hours of the tenure of trading.
The crypto exchange is showing that Dogecoin’s 24-hour high record was near the $0.419919 mark. On the other hand, its 24 hours low trading was at the mark of $0.311602.
Earlier on Tuesday, the Nasdaq-listed company had started accepting inbound transfers through Dogecoin to Coinbase Pro.
The crypto exchange said that the trading would begin on/ after 9 am Pacific Time (PT) on Thursday, 3 June, if it manages to meet the liquidity conditions.
Meanwhile, the founder of Tesla, Elon Musk, on Wednesday came up with a meme post. It bears a resemblance to his childhood. The tweet reads:
“Found this pic of me as a child.” The image resembles a PC setup of a software engineer in the 1980s, with a caption saying, “I have to keep my passion hidden from the public or I’ll be socially ostracized.”
Before posting this meme, Tesla on May 19 also posted about the “diamond hands.” The post came from a microblogging website after the bloodbath of bitcoin. He has tried to imply that his firm would not be parting along with its stake in bitcoin worth $1.5 billion.
On May 12, Musk also came up with the announcement that Tesla will no longer allow purchasing of vehicles with bitcoin. The reason behind this was the environmental issues and the concern related to carbon footprint, which can surge due to huge bitcoin mining.
He had also suggested a few days ago that Tesla might sell all its bitcoins. However, Elon made his backtracking regarding this statement later.
Now, it is all about seeing how Dogecoin and other crypto coins are going to perform in the coming years. Also, it is worth waiting to know what steps Tesla will take regarding cryptocurrencies in the coming future.