{"id":400355,"date":"2021-06-05T10:57:04","date_gmt":"2021-06-05T08:57:04","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=400355"},"modified":"2021-06-05T10:58:27","modified_gmt":"2021-06-05T08:58:27","slug":"dogecoin-gets-boost-after-launching-on-coinbase","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/400355-dogecoin-gets-boost-after-launching-on-coinbase.html","title":{"rendered":"Dogecoin gets boost after launching on Coinbase"},"content":{"rendered":"

Dogecoin, the Shiba Inu-themed cryptocurrency started as a joke in 2013, outperformed top rivals in the week as it launched on the Coinbase exchange.<\/p>\n

While the biggest cryptocurrencies Bitcoin and Ether were up 6.2% and 14.9% over the past seven days respectively, Dogecoin advanced 24% over the same period as of 7:50 a.m. in London, according to CoinGecko pricing.<\/p>\n

While Coinbase said weeks ago that it planned to add Dogecoin, the announcement that it now supports the meme-based token on Coinbase.com and in the Coinbase Android and iOS apps means Dogecoin is more accessible and continuing to establish itself.<\/p>\n

\u201cThis Dogecoin bounce comes during a period where the cryptoverse is seeing a consolidation of positions,\u201d Edward Moya, senior market analyst at Oanda Corp., said in a note Wednesday where he cited the Coinbase development as bolstering the price. \u201cSo we should not be surprised if this recent surge fizzles — or if it makes another attempt at the moon.\u201d<\/p>\n

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pic.twitter.com\/ehoVOPnMs9<\/a><\/p>\n

\u2014 Shibetoshi Nakamoto (@BillyM2k)\u00a0June 5, 2021<\/a><\/p><\/blockquote>\n<\/div>\n

Dogecoin is up more than 14,000% in the past year, in a run-up that\u2019s surprised even the crypto community and gives it the sixth-biggest market value.<\/p>\n

Its gains have been cited as an example of the power of retail traders, the attraction of memes and a case study in what can happen in a world where the Federal Reserve and other central banks are practicing relatively loose monetary policy to try to overcome Covid-19\u2019s economic damage.<\/p>\n

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pic.twitter.com\/p0DkFkWHfV<\/a><\/p>\n

\u2014 Elon Musk (@elonmusk)\u00a0June 4, 2021<\/a><\/p><\/blockquote>\n<\/div>\n

And it wouldn\u2019t be Dogecoin without a little social-media action to liven things up.<\/p>\n

There\u2019s little denying the Twitter pronouncements of Tesla Inc. founder Elon Musk have moved the prices of Bitcoin and Dogecoin multiple times.<\/p>\n

Many in the Bitcoin community have been dismayed by the world\u2019s third-richest man of late, for reasons\u00a0including his U-turn<\/a><\/strong>\u00a0on accepting Bitcoin as payment and a tweet alluding to a\u00a0breakup<\/strong>\u00a0<\/a>with the biggest cryptocurrency.<\/p>\n

But some Dogecoin fans are actively courting him.<\/p>\n

\u201cIf anyone has a problem with Elon they\u2019ll have to go through the\u00a0#DogeArmy<\/a><\/strong>\u00a0first,\u201d one Twitter user\u00a0quipped<\/a>.<\/strong><\/p>\n

And Billy Markus, a co-creator of Dogecoin who is no longer coding on the project, joked that he bought a new Tesla with Dogecoin — with photos that showed a toy-sized replica vehicle. Musk \u201cliked\u201d the tweet.<\/p>\n

Now read: Big surprise in Mirror Trading International liquidation case<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

Dogecoin, the Shiba Inu-themed cryptocurrency started as a joke in 2013, outperformed top rivals in the week as it launched on the Coinbase exchange.<\/p>\n","protected":false},"author":341034,"featured_media":385578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696],"tags":[191,68572,11373],"class_list":["post-400355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-dogecoin","tag-elon-musk"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/400355"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=400355"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/400355\/revisions"}],"predecessor-version":[{"id":400365,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/400355\/revisions\/400365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/385578"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=400355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=400355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=400355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}