DOGE Price surges, thanks to Coinbase!
Finally, the users of Coinbase pro can now transfer DOGE into their own accounts.
Coinbase, a popular US exchange, is now adding Dogecoin to its Pro trading platform.
A blog post written recently says that users can finally begin transferring DOGE into their own accounts. The trading is set to start on June 3, given that the exchange has accurate liquidity in the token.
The exchange will list at least five trading pairs for the token: it is against the dollar, euro, British pound, Tether, and Bitcoin.
Now, Dogecoin is the seventh largest cryptocurrency with a market cap of around $43.7 billion. The price of DOGE is up by about 5% in the previous hour and now it is selling for $0.33.
It might not seem like a lot, considering the latest cryptocurrency market volatility. However, it shows the biggest upward movement of any token in CoinGecko’s top 100. Both the cryptocurrencies Bitcoin and Ethereum were down for a day.
DOGE’s Reputation
DOGE has been created as a joke replica of Bitcoin. It was until this year that it rose to under a penny. But, Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban have supported the coin for its transactional abilities, sending the price spiking to as high as $0.74 last month.
Although it has been listed on many exchanges, it has gained reputation through the ever growing popularity of crypto trading on the mobile app named Robinhood. It is where it’s one of only seven assets listed.
This addition to Coinbase can help further its developments. Coinbase is now in the top five for daily volume. It is also the top exchange that is open to crypto traders from the US.
However, DOGE is not yet available on Coinbase’s standard app. While Coinbase Pro is free to use, it is, however, designed for even more experienced traders.
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