If you're considering buying this cryptocurrency, we suggest taking a look at additional content to learn more about what Dogecoin is and what risks investing in it comes with. To start, check out: Buy dogecoin on coinbase In a short period of time, cryptocurrency has gone from a small, alternative investment to one worth hundreds of billions of dollars collectively. Whether you are looking to invest in crypto or use it as a form of payment, you have likely heard of Coinbase. After all, with tens of millions of users, it’s one of the most popular cryptocurrency exchanges online. It’s also one of the easiest ways to buy cryptocurrency which has helped fuel its explosion in popularity.
A question was directed at Musk on Friday on Twitter about Coinbase listing dogecoin. The user wrote: “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.” The Spacex CEO simply answered: “Yes” with an exclamation mark. Previous article DOGE has come a long way since it was created for a laugh eight years ago. It now has more active developers behind it to make it a serious rival to cryptocurrencies used for payments, like Bitcoin Cash and Litecoin—despite being based on a silly internet meme.
Coinbase is a cryptocurrency exchange, whereas Coinbase Wallet is a crypto wallet. The key differences between Coinbase Wallet and Coinbase are stated below. Top 5 Apps to Buy Dogecoin According to Reddit Once you place the order, it should go through immediately. Like other cryptocurrencies, Dogecoin isn’t limited by trading hours; you can buy and sell Dogecoin 24 hours a day, seven days a week.
It was in May 2017 that its market capitalization crossed $100 million and by the end of 2017, it crossed $1 billion. During 2018-20, the market cap of Dogecoin couldn’t cross the $1 billion mark. However, come 2021 and like its price, its market cap also kept soaring. In April, it hit $52.65 billion, before reaching the $88.68 billion mark in early May. It ended the year 2021 with a market cap of over $22 billion. Image Source: Shutterstock At the end of the day, the only people DOGE serves to help is those that got in earlier than the next person, and then that cycle repeats until the first person decides the price is high enough and dumps his share leaving everyone else in the dirt.