Coinbase Adds Dogecoin to Its Professional Trading Platform

Coinbase Pro has announced that users of DOGE platforms will now be able to make transfers to their accounts, a move that has disrupted the recent market calm and will almost certainly see fans of the popular cryptocurrency rush to the exchange platform. Dogecoin has been on the top coins list for several months now. Its tremendous growth began in January 2021, after a pump that made the top ten crypto assets launched by what is considered a Reddit group. The Dogecoin listing on Coinbase will take place on June 3 "if the liquidity conditions are met" and will list five trading pairs for the token – Dollar, Euro, British Pound, Tether and Bitcoin. The price of Dogecoin, currently the seventh largest cryptocurrency, has suffered from the recent drop in the crypto market. However, after the announcement by Coinbase Pro, the DOGE price increased by about ten percent. Other cryptocurrencies like Bitcoin and Ethereum had a relatively low volatility weekend stretching into the middle of the week, but the positive sentiment around Dogecoin will allow other cryptocurrencies to take advantage of this ripple effect. Dogecoin's unofficial spokesperson, Elon Musk, quickly tweeted his thoughts after the Coinbase news, tweeting a Dogecoin meme with the caption "This is inevitable." The billionaire also tweeted a reference to Dogecoin on Wednesday and shared a meme of a 1980s Shiba Inu dog with the caption "when I was a kid". Initially starting as a joke, Dogecoin has quickly grown into the top ten cryptocurrencies with a huge support community calling itself the “DOGE army” that actively supports the growth of the coin. Now that Dogecoin is officially recognized by one of the world's top cryptocurrency exchanges, critics of this "joke coin" will have to rethink the parameters of where Dogecoin might go. Disclaimer: This article is for informational purposes only. not offered or intended

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