Coinbase has listed Dogecoin (DOGE) on its professional trading platform, Coinbase Pro. Reports say that its trading is expected to begin on Thursday (June 3, 2021). While the trading will start tomorrow, inbound transfers have started today. After this announcement, the DOGE price jumped by over 30% in the 24-hours chart and went on to break the strong resistance at US$0.40.
Coinbase Pro has announced through its Twitter handle (@CoinbasePro):
“Starting today, inbound transfers for DOGE are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday June 3, if liquidity conditions are met.”
At press time, the price of Dogecoin is hovering around US$0.4177, an increase of 30.56% in the last 24-hours. In 2021 YTD (Year-till-date), the price of DOGE has increased by 7,276%. With continuous support from Elon Musk, Dogecoin’s price reached an all-time high (ATH) at US$0.737 in the second week of May 2021.
As DOGE is again witnessing a tremendous surge in price after the announcement of Coinbase Pro, the question is whether this meme-based theme coin would be able to go above the ATH and ultimately touch US$1 soon. Dogecoin is currently the 6th largest cryptocurrency in terms of market capitalization, which is hovering around US$54,452,179,805. Analysts believe that the DOGE will retest the ATH once the price goes above the US$0.45 level.
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