Coinbase Pro has listed Dogecoin, and this has led to a price surge.
Considering the massive popularity Dogecoin has earned, especially this year, and it is only appropriate that an exchange like Coinbase pro adopts it. Large-scale acceptance and support have been the major driving force of one of the top-rated performing currencies.
Major Updates
- Dogecoin will debut trading on June 3rd.
- Dogecoin will trade against BTC, USDT, USD, EUR, and GBP.
- Dogecoin surges by 6.1% following the newest listing.
Designed with a more technical interface and a wider variety of trading choices for advanced users, Coinbase Pro has announced a Dogecoin listing.
The platform has once hinted at a potential Dogecoin listing, but it had just been made official. It was announced on the platform’s official blog site. It is the assurance everyone needed that Coinbase was joining in on the Dogecoin mania.
As at the time of writing, Coinbase Pro is only allowing inbound transfers awaiting the official launch. Orders cannot be placed, but considering liquidity conditions are achieved, the launch will kick off on June 3rd.
According to an announcement made by Coinbase Pro, the potential trading pairs will likely be Dogecoin against BTC, USDT, USD, EUR, and GBP.
Supports like this fuel the momentum of Dogecoin’s price, especially since the beginning of the year.
Kicking off the year with a value set at 0.004 US$, the coin had attained a high of .74 US$ as recorded last month. Although facing many hurdles, the 50% decline from the previous dump has lost the currency’s status as one of the best performing tokens, according to Coinmarket analysis.
Currently, at number six, Dogecoin has hit a market capitalization value of US$47 billion, performing higher than a good number of other cryptocurrencies, including the two famous XRP and Bitcoin Cash. Considering this market value started out at US$600 million six ago, this goes to show that the Dogecoin cryptocurrency is one force not to be reckoned with.
Conclusion
Regarding the effect the news had on Dogecoin, the token recorded an hourly 6.1% pump following the news. This had the token trading at 0.346 US$. Afterwards, the coin corrected its lows then jumped onto the 0.37 US$ market.
Question of the Day
What is your take on the future of Dogecoin especially with this new major listing?
