Dogecoin is going to the moon again.
The canine-themed digital money jumped more than 25 percent Wednesday to about 40 cents. Investors cheered the news that crypto giant Coinbase (COIN) was likely to let customers of its Coinbase Pro support buy and sell dogecoin.
By Wednesday night, Dogecoin had attained 42 pennies, based on Coinbase.
“One of the most common requests we receive from customers is to be able to trade more resources on our platform,” Coinbase said in a blog article Tuesday. The business added that dogecoin trading is solely on its innovative Coinbase Pro product for today and isn’t yet accessible for the more conventional Coinbase.com site or some of its customer mobile apps.
“We shall make a separate statement if and when this support is added,” the company said
Dogecoin continues to be extremely volatile for the last month, exactly like bitcoin, ethereum along with other cryptocurrencies.
Prices hit a peak of 74 cents on May 8, just before Tesla (TSLA) CEO (and enormous dogecoin fan) Elon Musk joked on”Saturday Night Live” the cryptocurrency was a”hustle.” Adhering to the Coinbase statement, Musk resurfaced a tweet of his from last July that showed a colossal cloud with a puppy’s face on it and the text”dogecoin standard” that was coming a landscape branded”global monetary system”