[ad_1]
Electric car maker Tesla CEO and shameless dogecoin fan Elon Musk wants the Coinbase exchange to end its ‘No DOGE Allowed’ policy and list the memes-based cryptocurrency.
Musk tweeted an exclamatory “Yes” on Saturday after a Twitter user asked the billionaire investor if Coinbase should activate the cryptocurrency represented by Shiba Inu on its platform.
A listing on Coinbase would expose dogecoin to a whole new breed of investors and thus unlock its potential. Indeed, the regulated stock market in the United States is considered to be synonymous with institutional investors and high net worth individuals. Tesla bought bitcoin worth $ 1.5 billion in February through Coinbase.
At press time, dogecoin is changing hands near $ 0.059, which is a 6.7% gain on a 24 hour basis. Prices have jumped over 600% in January alone and are up nearly 1,130% so far this year. Bitcoin, meanwhile, is up more than 100% since the start of the year, according to data from CoinDesk 20.
DOGE adoption has increased in recent weeks, with the Dallas Mavericks basketball team accepting cryptocurrency as payment for tickets and merchandise.
Leading sports brand Wooter Apparel and medical provider CovCare recently announced their support for dogecoin as an alternative payment method.
[ad_2]
Source link