The price of the digital currency “Dogecoin”, which ranks sixth in terms of total market capitalization, jumped by 15% in the last 24 hours, after the cryptocurrency exchange Coinbase Pro announced its support for the currency trading.
Details of the listing of the digital currency “Dogecoin” on “Coinbase”:
It announced “Queen Pace” yesterday officially thattransfers anddepositdigital currency “Dogecoin” is now available inUSbacked judicial company.
According to the “Coinbase” announcement, “Dogecoin” trading will start tomorrow, Thursday, June 3, 2021 at 1 am UTC, according to liquidity conditions.
Dogecoin is currently trading at $0.37 with a market capitalization of over $49.2 billion.
According to the Coinbase ad:
Starting from this moment, we will start accepting deposits from Dogecoin to Coinbase Pro.
Trading will begin at 9am PST on Thursday, June 3rd, if the liquidity conditions are met.
Once a sufficient supply of DOGE has been established on the platform, the following order books will be released:
This is in three stages.
Regardless of the recent announcement regarding the inclusion of Dogecoin, Coinbase Pro listed the digital stablecoin Tether (USDT) in April 2021.
Dogecoin in 2021:
The DOGE digital currency experienced significant growth in 2021 in terms of price, adoption, and adoption.
Several companies around the world including basketball club Dallas Mavericks and airBaltic from Latvia have started accepting Dogecoin as a payment method.
In terms of price, DOGE has been very volatile this year with the price of the world’s sixth largest cryptocurrency hitting $0.72 and a low of $0.26 within two weeks of May 2021.
Commenting on the recent volatility in Dogecoin, Brian Brooks, former acting USOCC and current CEO of Binance USA stated:
What we don’t want is panic about Dogecoin prices.
Dogecoin is now more valuable than many other leading cryptocurrencies including Ripple, Polkadot (DOT), LINK and Bitcoin Cash.
DOGE’s dominance in the cryptocurrency market is now around 3%.