If Coinbase lists Dogecoin, it will soon cross $1 and this feat will be another feather in Musk’s hat.
It is now well-known that Elon Musk, the founder of Tesla and SpaceX, is an unapologetic Dogecoin fan. He wants Coinbase, the US-based crypto exchange, to list Dogecoin, the popular meme-based cryptocurrency.
Answering a user’s question on Twitter, if Coinbase should list Dogecoin, Musk replied with “Yes.” If Coinbase heads to Musk’s answer regarding the user’s question, it will prove to be one of the major turning points in the entire history of Dogecoin.
Why Coinbase’s DOGE Listing Will be a Game Changer?
Coinbase is one of the largest cryptocurrency exchanges in the world, a true behemoth of the crypto world. A Coinbase listing will help Dogecoin tap a new breed of investors and help DOGE unleash its true potential. In fact, this will prove to be a big push towards Doge selection as the people’s money.
Popular among institutional investors and individuals with high net worth, Coinbase listing will bring a tremendous amount of value to the Dogecoin community.
Due to the surge in Dogecoin’s popularity, many companies and businesses have started accepting Dogecoin as payment. The likes of Dallas Mavericks, a popular basketball team, Kessler Collection, a US-based luxury hotel chain, among others, have already started accepting Dogecoin.
Dogecoin had a fabulous run so far in 2021. The prices of Dogecoin have increased by more than 1130% from January this year. In the first month of 2021 alone, Dogecoin prices surged by 600%, which is nothing less than phenomenal. Compared to Dogecoin, Bitcoin, the largest cryptocurrency by market cap, is up by only 100% in terms of year-to-date growth.
If Coinbase lists Dogecoin, there will be an unprecedented growth in Dogecoin prices, which will benefit the Dogecoin community. It will begin a bull run of even larger magnitude for Dogecoin.
Do you think Coinbase will list Dogecoin? Let us know below in the comments.