Dogecoing Prices Skyrocket Immediately After Entering Listing On Coinbase Pro

Dogecoin di Coinbase (News.Bitcoin)

JAKARTA – Dogecoin (DOGE) will soon be listed on Coinbase Pro, Coinbase's professional trading division. The platform is included in the ranks of crypto exchanges that widely adopt Dogecoin.

Coinbase reports that Dogecoin will be listed on Coinbase Pro on Thursday, as reported by Coindesk.

“DOGE trading on Coinbase Pro will begin on Thursday at 16:00 UTC, provided liquidity conditions are met,” Coinbase wrote on its official website.

However, Dogecoin will not immediately be listed on the retail trading platform Coinbase. However, new cryptocurrencies will usually appear on Coinbase within a few weeks after DOGE is listed on Coinbase Pro first.

Previously, Coinbase CEO Brian Armstrong announced that he would soon bring DOGE to his platform in May.

In addition, Elon Musk also commented on a Coindesk tweet that reported that DOGE will be listing on Coinbase and starting on Thursday tomorrow.

Musk commented on it by retweeting an old tweet that featured a Shiba Inu dog's head accompanied by the caption "dogecoin standard, global financial system" on the meme image. Musk also tweeted above the image, "It's inevitable."

This has pushed up the price of Dogecoin. On the previous day, DOGE was at the level of Rp 4,459. As of this writing on Wednesday June 2 at 11:15 a.m., the meme's cryptocurrency had broken through to a price of IDR 5,370, based on data from CoinGecko.

However, the DOGE price still hasn't broken its all-time high on May 8, 2021. At that time, the price of Dogecoin touched Rp. 10,335.

DOGE's popularity is increasing because of the support of world billionaires such as Elon Musk and Mark Cuban, also has the support of celebrities, one of which is rapper Snoop Dogg.

In addition, a strong and solid Dogecoin community. They are known to often give charitable funds, such as the procurement of wells in a drought-stricken African country. In addition, the American Cancer Association is also reported to have received donations for cancer sufferers in the form of Dogecoin.