Popular Billionaire, CEO of Tesla Elon Musk has once again tweeted in support of the meme token Dogecoin. Asserts, Coinbase should add Doge to its list of supported cryptocurrencies.
On Friday, a Twitter user asked Musk about Dogecoins’s listing on Coinbase, his tweet read,
” Hi, Elon I Saw A Report That Coinbase Was Used For The Tesla BTC Purchase (Nice Entry Btw). Do You Think Coinbase Should Enable Dogecoin On Their Platform? It Would Enable Many Folks To Easily Access DOGE”.
In reply to the tweet, Musk said a simple yes with an exclamation mark.
— Elon Musk (@elonmusk) March 13, 2021
However, his tweet hasn’t made any significant changes to the price surge of the token, it witnessed just a 10% rise in price after the tweet.
Coinbase Listing Could Open New Doors for DOGE
Coinbase currently does not support Dogecoin, a listing on the largest exchange platform would provide Dogecoin huge accessibility and institutional investors attention. It could erase the image of Doge being just a meme coin and bring it to the mainstream.
The previous big Bitcoin purchase by Tesla was done via Coinbase. It is a popular exchange aligned with the interests of many corporate giants. It is now the first of its kind platform to go public on Nasdaq and has more than $100 billion valuations before its IPO.
DOGE Price has seen a 600% price surge in January, and an 1130% rise so far this year. Dogecoin has risen to popularity and has been getting acceptance, recently Dallas Mavericks owner Mark Cuban started accepting payment for merchandise and tickets in Dogecoin. He even predicted for Dogecoin to $1, with the help of Maverick fans.
Sports brand Wooter apparel and Covcare have also recently announced Dogecoin as a form of payment.
At the time of writing Dogecoin is trading at $ 0.058 with a market cap of $7.47B.