In a hallmark move for the cryptocurrency, Dogecoin (DOGE) is being added by Coinbase Pro – a listing not that easy. Coinbase is considered the most selective crypto exchanges with just 63 tokens listed. Being the only cryptocurrency exchange-listed, Coinbase also enjoys a much superior reputation which will prove to be beneficial for Dogecoin.
Dogecoin (DOGE) started off as a joke but the cryptocurrency does not appear to be a joke anymore. Invented in 2013 by two engineers literally as a joke and based on the dog, Shiba Inu, the founders certainly would not have fathomed the popularity that dogecoin has today. It all started with Elon Musk, billionaire CEO of Tesla. Musk took it upon himself to advocate cryptocurrency and the possibility of its mass-scale adoption as a mode of payment.
Elon Musk’s efforts earned him his title of “Doge Father”. The CEO has sent the cryptocurrency shooting upwards with his tweets and comments on social media. Dogecoin showed phenomenal performance in the bull run of 2021 – increasing from $0.004 to $0.73. however, the market crash sobered up the Doge community as well as the cryptocurrency fell and fear overtook the market.
But this is not the end of dogecoin. In fact, it may as well be just the beginning for cryptocurrency. Elon Musk observed a shift towards the development of cryptocurrency. The Tesla CEO is now working with the developers of Dogecoin to turn his belief into reality – Dogecoin as an accepted mode of payment.
The success of Dogecoin has led it to create a whole new segment of cryptocurrencies – meme coins. Cryptocurrency like Shiba Inu (SHIB) and Akita Inu (AKITA) have followed the footsteps of Dogecoin.