Popular Doge meme cryptocurrency, Dogecoin is one of the cryptocurrencies which was once influenced by Elon Musk, the world’s famous entrepreneurs. Following the praise, the currency has been added to Binance’s official Trust wallet (recently) and now the listing interest can be seen by the largest cryptocurrency exchange, Coinbase.
DOGE Records Higher
However, DOGE is reportedly noticed with 17% spike since January – and as such, it performed well in the first quarter of 2019. In fact, at the time of reporting, the coin saw a brief hike in its trading volume. Nevertheless, it stands with the market cap of $308 million wherein the press time records a quick rise of 3.80 percent within the past 24 hours. Moreover, it is trading at the value $0.0025 against US Dollar.
Dogecoin’s highest trading volume can be seen at CoingEgg, Fatbtc, P2PB2B, Sistemkoin, HitBTC with a trading cap of $3.85 Million, $3.69 Million, $2.92 Million, $2.25 Million and $2.19 Million respectively. Nonetheless, the coin is vastly paired with BTC, USDT, and ETH.
In case you do not remember Dogecoin, go through this guide.
The reason behind Upsurge? Doge’s listing on Coinbase Wallet!
Dogecoin’s soaring value is directly linked with the Coinbase’s latest announcement – the exchange on May 01, 2019 announced to support Dogecoin on Coinbase wallet. Following the update, Coinbase users can store their DOGE holdings directly on Coinbase wallet app – besides doing the same with other leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP, Stellar Lumens (XLM), and other ERC 20 tokens and ERC 721 collectibles based on ETH. The announcement reads that;
Adding support of DOGE is an important next step toward our goal
The listing update is yet to go live on its iOS and Android wallet – which according to exchange will roll out over the next week.
So readers, what do you think about Coinbase supporting Elon Musk’s favorite cryptocurrency.? Share your thoughts with us
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com