Dogecoin Price might Explode Soon as Joke Crypto gets Listed on Coinbase Pro
Coinbase stated Tuesday that it has formally listed dogecoin on Coinbase Pro, a huge milestone that exposes the joke cryptocurrency to one of the worlds top bitcoin and crypto exchanges, after teasing it earlier this month.
In a blog post, Coinbase stated that it will immediately begin accepting inbound dogecoin transfers to Coinbase Pro in regions where trading is permitted.
If there is enough liquidity, trading will commence at 9 a.m. PT on Thursday, according to the post.
Coinbase said it will phase in the cryptocurrency, starting with post-only orders and then moving to limit-only orders before moving to full trading.
Coinbase said it will only go through each phase of the rollout if its evaluation for a healthy and orderly market is reached, as per its trading regulations.
The blog stated that DOGE is not yet available on Coinbase.com or via our Consumer mobile apps, and that a separate announcement will be made if and when this functionality is added.
CRUCIAL QUOTE
During a May 15 investor call, Coinbase CEO Brian Armstrong previewed the platforms forthcoming debut of dogecoin, stating his goal to accelerate asset addition into the future. In the crypto economy, more and more assets are being created, Armstrong added. One of them is doge, which has recently received a lot of attention.
KEY BACKGROUND
The Coinbase inclusion is the latest in a string of momentum-inducing boosts for dogecoin, which was launched in 2013 as a witty alternative to more mainstream cryptocurrencies like Bitcoin. Elon Musk, the self-proclaimed dogefather, has driven the price of the cryptocurrency soaring on numerous occasions through his personal investments and internet marketing. The value of Doge increased by 20% after Armstrongs remarks, which coincided with Elons revelation that he was working with doge programmers to optimize system transaction efficiency.
BIG NUMBER
$43.68 billion in total. This is the market capitalization of dogecoin as of Tuesday afternoon, making it the seventh-largest cryptocurrency. The price of the token has also increased by almost 5% in the last 24 hours, and it now sells for $0.34. Bitcoin and Ethereum, on the other hand, have both seen their prices fall since Monday as a result of current market turbulence.
Source: Forbs
- June 3 Daily report: Dogecoin Has Memed Its Way to a Coinbase Listing, Ethereums Price Could Hit $40,000 in Long Run, Bitcoin Wallet Exodus to Tokenize $75 Million, Google Releases New Policies On Crypto-Related ADs and SEC will opt to settle Ripple Lawsuit
- Cryptocurrency Industry to Self-Regulate, by IAMAI Board
- Is OnePlus Getting Into Crypto? In a blockchain survey, the company asks users about their cryptocurrency investments.
- Dogecoin Price might Explode Soon as Joke Crypto gets Listed on Coinbase Pro
- June 2 Daily report: Ethereum investment products hit a market-share high of 27%, Bitcoin Steadies above 100 SMA, Polkadot ETP hits Swedish stock market, Defi protocols generated more than $370 million in revenue and Crypto Analyst Explains How Cardano ($ADA) Price Could Get to $5
BuyUcoin Blog | By Anubha Singh
Read more: https://www.buyucoin.com/crypto-labs/dogecoin-price-might-explode/
Text source: BuyUcoin Blog
