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?
eToro is one of the leading multi-asset trading platforms where you can easily buy & sell DOGE and other crypto assets. It is straightforward and wouldn’t trouble even the most basic trader looking to trade crypto assets. The platform has several learning resources to guide beginners. eToro is also highly regulated so you can trade DOGE at peace.
Coin Kong allows for fast buying of major cryptocurrencies. It comes with several features that work to your advantage including robust security and transparent fee charges. Signing up on the site is simple and in the unlikely event, you encounter issues, customer support service will be available to help you out.
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.