One of the most popular crypto exchanges Coinbase (NASDAQ SYM: COIN) has become even more popular after its IPO on Wednesday April 14th and the talk of Wall Street. But the question is – Can you buy the booming infant crypto Dogecoin on Coinbase?
What is Coinbase?
Coinbase is the crypto-heaven for enthusiasts who want to invest in crypto currencies without the hassle of mining it. Coinbase makes it easier buyers and sellers to meet – and buy and sell popular currencies like Bitcoin, Ethereum, Litecoin and the likes. Over the years, Coinbase has become the one stop shop for crypto-traders in the United States.
Ever since the company listed its shares directly on the stock exchange, the question has been – Can you buy Dogecoin on Coinbase?
What is Dogecoin?
Dogecoin is a cryptocurrency that was originally formed in 2018. Doge was built to have a ‘fun and friendly’ brand image behind it. The face of DOGE was the dog Shiba Inu, who became popular as the DOGE meme making Dogecoin the first ‘meme cryptocurrency’.
It was almost impossible to believe initially that DOGE would become as valuable as it is today. Up until it started to get the spotlight by Elon Musk’s tweets. Musk’s constant promotion and love for Dogecoin resulted in a lot of people buying large quantities of Dogecoin (DOGE), which drove up the prices from a 24 hour low of 0.10 dollars to 0.33 dollars a 200 per cent rise in the price as on April 16th. At the time of writing this article, the Dogecoin price stands at 0.33 dollars.
Where is DOGE?
Apart from all the glowing endorsements from Tesla CEO Elon Musk, Doge’s journey is all the more interesting because initially it was started as a joke! However, over the years, DOGE helped to spread awareness about the value and importance of blockchain technology and cryptocurrency among millions of people around the globe, making Dogecoin one of the most popular cryptocurrencies on the planet and the future of crypto.