XRP, Dogecoin & Shiba Inu Gain New Utility on Gemini
A big move just hit the altcoin scene: Gemini has officially added XRP, DOGE, SHIB, BCH, and SOL as collateral for derivatives trading on its platform.
Traders can now use these tokens for perpetual contracts settled in GUSD, expanding their functionality beyond just holding or trading.
Previously, this feature was limited to BTC, ETH, USDT, and GUSD only.
New collateral tokens come with varying "haircut" rates:
XRP & SOL: 15% haircut
DOGE & SHIB: 30% haircut
This marks a major boost in utility for altcoins, especially XRP, which is reestablishing its position post-SEC clarity in the U.S. market.
Dogecoin and Shiba Inu are also getting more traction beyond meme culture — with serious trading applications now expanding across platforms.
Current Prices:
XRP: $3.13 (🔻 1.4% daily)
DOGE: $0.2226 (🔻 3.2% daily, 🔻 14.2% weekly)
SHIB: $0.000013 (🔻 4% daily, 🔻 13% weekly)
Despite price dips, analysts maintain a bullish long-term outlook:
DOGE target: $1
SHIB target: $0.000045
XRP target: $9–$10 (with spot ETF momentum building)
What’s your take? Will Gemini’s move help push XRP and meme coins to new heights?