Cryptocurrency memes Dogecoin (DOGE) gained more than 40% early Tuesday after it was listed on Coinbase Pro and another string of tweets from self-proclaimed DOGE spokesman Elon Musk.
Coinbase announced the listing of Dogecoin on its professional trading platform Coinbase Pro on Monday, resulting in a rapid resurgence of the currency’s fortune. The price of DOGE fell by 59% in the course of the previous month after the widespread market crash in early March.
On Tuesday, the price of the coin jumped from $ 0.3137 to $ 0.4398 in the hours following Coinbase’s announcement, growing 40% overnight.
Coinbase is now accepting incoming deposits in anticipation of the serious start of Dogecoin trading on Thursday, provided there is enough liquidity. Trading starts with five trading pairs: DOGE / USD, DOGE / BTC, DOGE / EUR, DOGE / GBP and DOGE / USDT.
Teslas Musk may have given DOGE more exposure on Tuesday when they released another Dogecoin meme. This time the meme showed the dog of the same name curled up on a computer from the 1980s, accompanied by the caption: “I have to hide my passion from the public, otherwise I’ll be socially marginalized.”
Found this picture of me as a child pic.twitter.com/hUEKluRAdP
– Elon Musk (@elonmusk) June 2, 2021
Musk too retweeted an old Dogecoin meme that he tweeted for the first time in 2020, showing the dog traveling the world while replacing the existing financial system.
Between the change in the prices of Dogecoin and Bitcoin (BTC) currencies, Musk is also committed to reminding his 56 million followers that he is in no way officially affiliated with the project and that his ability to make change has been limited.