Dogecoin price has surged beyond $0.43 following its listing on Coinbase Pro
Dogecoin has seen significant upward momentum in the last few hours after its official listing on the Pro platform of the publicly-traded exchange Coinbase. The exchange revealed yesterday via a blog post that it was opening its arms to Dogecoin. Coinbase Pro members can now add the crypto asset into their account awaiting trading which begins tomorrow at noon Eastern Time.
The exchange outlined that members must have a sufficient amount of Dogecoin in the account before being allowed to trade. Coinbase also warned that it may stop a client’s trading if it doesn’t go in line with the market’s health and order. DOGE/USD price is currently hovering at $0.43, up more than 36% in the last 24 hours.
Where to buy DOGE?
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Why is DOGE a buy?
Dogecoin sits just outside the top five cryptocurrencies with a market cap of $55 billion. It is set to displace both BNB and ADA if it continues with the uptrend. The meme cryptocurrency has enjoyed a good year with year-to-date figures showing a 6,000% increase in DOGE/USD price. Before May’s crypto market crash, this figure was at 12,000%.
The cryptocurrency has continued gaining credibility thanks to tweets from eccentric billionaire and holder Elon Musk. The latest Coinbase announcement that it would support trading of the crypto on its Professional trading platform will certainly boost its adoption and recognition.
Dogecoin outlook shows the price is set to continue rising and will likely push above the $0.50 level if the positive momentum persists.