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[AudraMiller]

We have seen in the past that news is very important to the development of the dogecoin cryptocurrency and the recent spike in its price was no different than any other. In a recent development the coin has increased in its price by 40% which was caused by the announcements that coinbase will now be opening trading options for this coin as well, in its pro version. What are your thoughts on this development?

 

[Niftyicon]

Coinbase enlisting dogecoin gives the coin more 'status' if there is anything like that in the crypto space. The influence of the news on the coin was felt even despite the markets at the time.

 

[SCAMEXPOSER]

Coinbase is a big platform that has lot of users so when ever it list any coin such coin is going to pump at least for a while if not always. It pushed doge by 16% last week

 

[AudraMiller]

Coinbase is a big platform that has lot of users so when ever it list any coin such coin is going to pump at least for a while if not always. It pushed doge by 16% last week

I think that the 16% last week was partly because of this news and also because of the market recovery, with many coins increasing in value over the last week.

 

[cl0wn]

Every added market place gives more access to the coin. So this seems just logical that its price will increase due to demand.

 

[microunit]

When coinbase listed dogecoin though sure it rose above 40% but it was quickly pulled back down, which is not really a good thing if you look at it

 

[SCAMEXPOSER]

I think that the 16% last week was partly because of this news and also because of the market recovery, with many coins increasing in value over the last week.

It is more reason why I much concern that bitcoin recover because simultaneously when bitcoin crashed they all follow suit. No panic with doge coin

 

[microunit]

The recent rise with bitcoin though was solely just with bitcoin it was not followed by other major altcoins which is interesting, which you can say it is not the work of traders but rather investors who solely invest on bitcoin

 

[AudraMiller]

It is more reason why I much concern that bitcoin recover because simultaneously when bitcoin crashed they all follow suit. No panic with doge coin

This is true and many of these coins are linked together in price, and people immediately decide to cash out if they see a price fall on all coins. I think that if bitcoin falls and people shift their investment to another coin, then these coins can still rise even despite a fall in bitcoin.

 

[SCAMEXPOSER]

This is true and many of these coins are linked together in price, and people immediately decide to cash out if they see a price fall on all coins. I think that if bitcoin falls and people shift their investment to another coin, then these coins can still rise even despite a fall in bitcoin.

Bitcoin is just the back bone coin so even if the price crash people won't shift to another coin because they do follow the trend of bitcoin price movement.

 

[Wisdom01]

Great development but was there any problem before ,because i am suprised on why it spiked high because of that .since other coin too are going to be listed on pro version

 

[Wisdom01]

Great development but was there any problem before ,because i am suprised on why it spiked high because of that .since other coin too are going to be listed on pro version

 

[Kingcypsh]

Enlisting dogecoin on coinbase has already spiked the prices and the morale of the coin will be on the positive side. Elon musk is dancing at the moment.

 

[Wisdom01]

Enlisting dogecoin on coinbase has already spiked the prices and the morale of the coin will be on the positive side. Elon musk is dancing at the moment.

True This would boost the morale of investors too , elon musk might also be glad because he have a stake in the coin and he hope the price to improve more for his portfolio to rise higher than before

 

[SCAMEXPOSER]

The spike of the listing on coinbase was just for a short time and only short time traders benefited from it because the price has dropped again.

 

[SCAMEXPOSER]

I was looking for it & hoping that when Coinbase make this coin visibl. ?I'm thinking positive & hope it will be more easier to invest Dogecoin with coinbase.

The coin has been listed already you don't need to look for it and the best time to invest is now because of the dip. We hope for a quick rise.

 

[Wisdom01]

I was looking for it & hoping that when Coinbase make this coin visibl. ?I'm thinking positive & hope it will be more easier to invest Dogecoin with coinbase.

Other exchange also makes it easier to invest in dogecoin ,the only special thing about coinbase is that , its a very big exchange platform, so the listing was special

 

[SCAMEXPOSER]

Other exchange also makes it easier to invest in dogecoin ,the only special thing about coinbase is that , its a very big exchange platform, so the listing was special

And because it is one of the most used cryptocurrency in the Crypto currency market at the moment . Coinbase will be happy for Crypto currencies.

 

[Wisdom01]

They are the one making it popular more , because of the large subscribers and they would also benefit from the trading fees and others that comes from the coin