Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Tuesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk.
Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase Pro, on Monday, sparking a swift revival in the coin’s fortunes. DOGE’s price sank 59% over the course of the previous month, following the wider market crash in early March.
On Tuesday, the coin’s price jumped from $0.3137 up to $0.4398 in the hours following the Coinbase announcement, resulting in 40% growth overnight.
Coinbase is now accepting inbound deposits in anticipation of Dogecoin trading starting in earnest on Thursday, assuming enough liquidity is present. Trading will commence across five trading pairs: DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP and DOGE/USDT.
Tesla’s Musk may have lent further exposure to DOGE on Tuesday when he posted yet another Dogecoin meme. This time, the meme showed the eponymous dog huddled over a 1980s computer setup accompanied