Coinbase announced this in early May. It will consider listing the most popular cryptocurrency on social media (DOGECOIN) in 6-8 weeks on their platform. But in fact, the crypto exchange did not wait for this interval to make this promise a reality.
In fact, Dogecoin will be available to trade on Coinbase Pro from Thursday starting at 9:00 AM PT. Inbound transfers from Doge are now available.
After Apple and Google, it’s Dogecoin’s turn!
Coinbase announced yesterday that Coinbase debit card holders can use them with Apple Pay and Google Pay to shop at any store that accepts these media. 4% Crypto Cashback is promised to customers who will use the Coinbase card to shop in stores.
Later that day, Coinbase announced the news that investors on the exchange were eagerly awaiting:
As of today, inbound transfers for DOGE are now available in regions where trading is supported. Traders cannot place orders and no orders will be executed. Trading will begin on Thursday, June 3 at 9:00 AM PT, or later if liquidity conditions are met.
Unfortunately, Dogecoin can only be traded on Coinbase Pro, a section of the exchange for professional traders only. Coinbase clarified that it will also make an announcement when Doge becomes available for the small investor section of the platform.
Coinbase is cautious with the chosen one of Elon Musk
The broker is aware of the risks of overshoot with Dogecoin. This is why the launch of a cryptocurrency on her platform will have three parts: post-trading, limit trading, and full trading. Coinbase took the opportunity to clarify that:
If at any point any of the new order books do not match our assessment of a healthy and orderly market, we may maintain the book in one state for a longer period or suspend trading.
How to Invest in Dogecoin Easily: The Complete Guide
Dogecoin: more than a meme token
We can reiterate that Dogecoin is just a simple cryptocurrency meme and that its reliability at the beginning of the year was only fleeting. For many, Dogecoin is destined to disappear, especially since it has already lost almost 50% of its value during this recession period.
Dogecoin has demonstrated its resilience, holding its place in the top 10 for over two months. In addition, a large number of brokers offer cryptocurrencies. The latest version of Coinbase is eToro.
The listing announcement will certainly take Doge to the next level because Coinbase is a very important player in the crypto industry. Moreover, the price of the cryptocurrency rose by more than 5% a few hours after the news was released.
Should you buy Dogecoin now?
Dogecoin, like almost all other cryptocurrencies, has failed to avoid a cryptocurrency crash. Before the fall, the Dogecoin price was at an all-time high. He even hit 70 cents and was thinking about crossing the symbolic $ 1 mark. Unfortunately, the bearish period is coming soon. The cryptocurrency has lost over 50% of its ATH level.
Doge is currently on sale for $ 0.36, which is 6,000% more than a year, but is about half of its ATH. As such, cryptocurrency can afford to experience other records, especially since its popularity remains unchanged and big names in the industry are starting to welcome it.
So now is the right time to invest in Doge because the price is affordable and the cryptocurrency’s margin to grow is attractive.
Will he be able to hit the $ 1 cap in the coming months?