Dogecoin, a meme-based cryptocurrency popular among retail investors, surged on Wednesday, benefiting from news that digital asset exchange Coinbase will make the crypto unit available to its users on its trading platform.
The price of dogecoin has jumped by about 20 per cent after Coinbase added the meme crypto to its professional trading platform.
Coinbase Pro users will now be able to buy and sell Dogecoin from Thursday, however, users of the main Coinbase platform will still not have access to it.
The token’s value to jump from $0.31 to $0.38, and it was boosted further by a tweet from Elon Musk
- once again showing the fragility of crypto, being able to be influenced by one man’s click of a smartphone.