Crypto Currency

Dogecoin leaps 41% as Coinbase Pro network begins to accept transfers of the meme currency

Summary List PlacementDogecoin jumped as much as 41% in the last 24 hour period to $0.4446, the highest point in nearly two weeks, as Coinbase Pro opened up to the meme cryptocurrency. The cryptocurrency exchange announced on Tuesday it is allowing its Pro users to transfer dogecoin into their accounts. Pro users will be able…

Summary List PlacementDogecoin jumped as much as 41% in the last 24 hour period to $0.4446, the highest point in nearly two weeks, as Coinbase Pro opened up to the meme cryptocurrency.
The cryptocurrency exchange announced on Tuesday it is allowing its Pro users to transfer dogecoin into their accounts. Pro users will be able to trade dogecoin on or after 9 a.m. PT on Thursday if liquidity conditions are met, according to a Coinbase blog post.
The Coinbase Pro account is a free account designed for more experienced traders and offers advanced charting and analytical tools. Dogecoin is not yet available on Coinbase.com or via the consumer mobile apps. The exchange said it would make a separate announcement if and when that support was added. 
A new tweet from Elon Musk also added to doge’s rally. At roughly 3:30 am ET Musk tweeted a picture of the doge shiba inu sitting in front of a computer with the quotation “I’ll have to keep my passion hidden from the public or I’ll be socially ostracized.” Musk joked that it was a picture of him as a child.
Dogecoin was trading above $0.42 as of 9:35 a.m ET Wednesday, according to CoinMarketCap. It has fallen significantly from its all-time high above $0.73 reached last month, but it’s still up nearly 7,260% year-to-date. The cryptocurrency which began as a joke, is currently the sixth largest cryptocurrency in the world, with a market capitalization of over $54 billion.
Read more: A senior crypto trader at a $500 million digital-asset manager shares his favorite trading strategies to generate ‘riskless profits’ — and the 3 sectors of the nascent market that he is most bullish onJoin the conversation about this story » NOW WATCH: Why Pikes Peak is the most dangerous racetrack in America
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Kevin O’Leary Says Tokenisation Hype Won’t Go Mainstream Without U.S. Crypto Laws

Kevin O’Leary said tokenisation will stay mostly speculative until US crypto laws give Wall Street compliance teams a federal framework for Bitcoin and digital assets for broad adoption. The post Kevin O’Leary Says Tokenisation Hype Won’t Go Mainstream Without U.S. Crypto Laws appeared first on Crypto News Australia…

Kevin O’Leary said tokenisation will stay mostly speculative until US crypto laws give Wall Street compliance teams a federal framework for Bitcoin and digital assets for broad adoption.
The post Kevin O’Leary Says Tokenisation Hype Won’t Go Mainstream Without U.S. Crypto Laws appeared first on Crypto News Australia…
Read More

Continue Reading
Crypto Currency

VanEck Says Bitcoin Could Reach US$1 Million Within Five Years

Bitcoin’s growing appeal among younger investors and institutions is reinforcing long-term bullish sentiment, according to VanEck. The post VanEck Says Bitcoin Could Reach US$1 Million Within Five Years appeared first on Crypto News Australia…

Bitcoin’s growing appeal among younger investors and institutions is reinforcing long-term bullish sentiment, according to VanEck.
The post VanEck Says Bitcoin Could Reach US$1 Million Within Five Years appeared first on Crypto News Australia…
Read More

Continue Reading
Crypto Currency

Michael Saylor’s Bitcoin Treasury Company Posts $12.5 Billion Loss, Boasts That People Are Still Giving It Money

The company, Strategy, is effectively a levered play on bitcoin…

The company, Strategy, is effectively a levered play on bitcoin…
Read More

Continue Reading
Crypto Currency

Why eBay Should Ignore GameStop and Use Bitcoin to Save $1.2 Billion in Transaction Costs

Bitcoin Magazine Why eBay Should Ignore GameStop and Use Bitcoin to Save $1.2 Billion in Transaction Costs Why eBay should reject GameStop and launch Bitcoin payments: A $1.2B annual opportunity cost that returns massive fee savings directly to global sellers. This post Why eBay Should Ignore GameStop and Use Bitcoin to Save $1.2 Billion in

Bitcoin Magazine

Why eBay Should Ignore GameStop and Use Bitcoin to Save $1.2 Billion in Transaction Costs
Why eBay should reject GameStop and launch Bitcoin payments: A $1.2B annual opportunity cost that returns massive fee savings directly to global sellers.
This post Why eBay Should Ignore GameStop and Use Bitcoin to Save $1.2 Billion in Transaction Costs first appeared on Bitcoin Magazine and is written by Nick Ward…
Read More

Continue Reading