DOGE fans can now earn up to 2.25% interest on Gemini

Gemini CEO praises Chainlink, announces support for the project

Thanks to its recent burst of popularity and rapidly increasing price, DOGE has become one of the biggest cryptos in the entire industry, managing to reach the fourth spot on the list of largest cryptocurrencies by market cap. However, that seems to be only the beginning of the progress that this particular project will see.

Gemini enables special benefits for DOGE owners

So far, the crypto industry treated DOGE as a joke coin that it was back in 2013, when it was first created. However, Dogecoin is now much more than that, and some are finally starting to admit it.

Gemini — a US-based crypto exchange owned by the Winklevoss twins — for example, showed its appreciation for DOGE by adding it to its Gemini Earn portfolio, making it the 32nd cryptocurrency ever to be listed here.

What this means is that crypto users now have an opportunity to earn interest on DOGE. The interest can go up to 2.25%, which might not seem like a lot, but it can have a significant impact on the users’ earnings in time.

Furthermore, by providing custody support to DOGE, Gemini became the only regulated cryptocurrency exchange to allow trading and earning interest on DOGE in all 50 US States.

DOGE might become the successor of Bitcoin

Finally, Gemini also surprised the crypto community by revealing its belief that Dogecoin might be the successor of Bitcoin (BTC), at least when it comes to continuing BTC’s tradition of being the money of the people.

As time goes by, Bitcoin is less and less the money of the people, and more a store of value — digital gold, which was its nickname for many years now.

The gap left by this upgrade of BTC might be filled by Dogecoin, which certainly seems to be growing in popularity and use enough to justify this faith in it.

The post DOGE fans can now earn up to 2.25% interest on Gemini appeared first on Invezz.

Publication date: 
05/11/2021 - 12:29
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