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Dogecoin Soars to Two-Week High After Coinbase Listing Announcement

June 2, 2021
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Dogecoin Soars to Two-Week High After Coinbase Listing Announcement

The price of Dogecoin jumped 21% on Tuesday afternoon as investors cheered the inclusion of the token in the Coinbase platform, according to WSJ.

Dogecoin's dollar value
  • Dogecoin hovered near 41 U.S. cents, marking its highest in two weeks based on data from CoinDesk.
  • Trading of Dogecoin on Coinbase Pro is expected to start on Thursday, a move that retail investors have been clamoring for.
  • Investors will be able to trade Dogecoin through Coinbase Pro, the free professional platform which offers advanced charting and analytical tools.
  • Dogecoin will not be available on the Coinbase general platform, which offers fewer trading options as it is geared towards newer investors.
  • Popular crypto investor Elon Musk took to Twitter to respond to the development, saying, “It’s inevitable.”
  • Dogecoin started as a joke in 2013 and has since grown by as much as 9,000% this year due to mainstream attention.
  • Dogecoin mining involves operating fast-running computers and unlocking new tokens through solving complex mathematical puzzles.

COIN: Nasdaq is up 0.95%; while DOGE/USD is up 32.66%.

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