Altcoins News

Story: Dogecoin Bounces Back After Listing On Coinbase Pro

By Sydney TheCMO

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Dogecoin’s performance in the last three weeks has been waning but recently things are looking better this week after reports that it was listed on Coinbase Pro.

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Dogecoin has been on a bearish downturn since the second week of May and was severely impacted by several factors including the selloff after Elon Musk's SNL appearance.

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The cryptocurrency is off to a good start in June, as evident in its bullish price performance so far.

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Coinbase announced the development through its blog post and Twitter, revealing that it will add Dogecoin to Coinbase Pro in three phases.

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Other exchanges including Binance have already added DOGE to their cryptocurrency offering, which meant that there was a high probability that Coinbase would also do the same.

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DOGE is up more than 22% in the last 24 hours, making it one of the top gainers on Wednesday morning. It traded at $0.

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The latest bull run was on low trading volume, while the Stochastic RSI indicates that it is still not overbought.

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Dogecoin’s listing on Coinbase Pro is a huge leap forward for the cryptocurrency and its community because it signifies wider recognition.

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Although Dogecoin is now accessible to Coinbase Pro users, it is still not available in the company’s mobile apps or its main website.

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