Dogecoin surged 40% after listing on Coinbase Pro, Musk tweeted

Meme cryptocurrency Dogecoin (Dog) Rose by more than 40% early on Tuesday morning, after it was listed on Coinbase Pro, and the self-appointed DOGE spokesperson Elon Musk released a series of tweets.

Coin Bank Announce On Monday, the listing of Dogecoin on its professional trading platform Coinbase Pro triggered a rapid recovery in the fate of the coin. After the broader market crash in early March, the price of DOGE fell 59% in the last month.

On Tuesday, within a few hours of Coinbase’s announcement, the price of the token rose from $0.3137 to $0.4398, causing an overnight increase of 40%.

Assuming there is sufficient liquidity, Coinbase is now accepting settled deposits, hoping to start serious Dogecoin transactions on Thursday. Trading will start in five trading pairs: DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP and DOGE/USDT.

Tesla’s Musk may have further contacted DOGE when he released another Dogecoin meme on Tuesday. This time, the meme showed the dog of the same name curled up on a 1980s computer with the caption: “I must hide my enthusiasm from the public or I will be ostracized by society.”

Musk also Retweet He first posted an old Dogecoin meme on Twitter in 2020, depicting the dog sweeping the world as it replaced the existing financial system.

Somewhere in between Mobile coin price Dogecoin and Bitcoin (Bitcoin), Musk also noticed remind His 56 million fans stated that he had not formally participated in the project in any way, and his ability to influence project changes was limited.