There was a big rumour in the Crypto market that Dogecoin will list in Coinbase. If it happens, we may able to see a big pump from Dogecoin. Doge is the dencentralized digital currency. This a massive news for all Doge holders. I don't find any official news regarding this. So, what do you think about it?
That's possible but depends on the qualification of Coinbase if Doge qualifies for them and if they want to list a much volatile token that is being played by many. We all know how Elon Musk love his Doge so we might hear some interest thoughts from Coinbase in the coming months, but its hard to really expect on this one.
I do agree that it is a risky move but also a profitable one. It is risky because people basically gamble when they invest into it, it can make 10x in a day, it can drop 90% in a day, nobody knows what is going to happen there and that is the biggest risk, will coinbase be willing to take that risk? I mean think about how much down time they get when there is a big move in bitcoin, when everyone goes to their website all at once all together they crash, doge will add into that and will make things harder for them.
But on the other side we are talking about elon musk, dude could tweet once and make it go up or down and he has that power, we have seen this before, where does coinbase make profit from? People buying and selling (trading fee) which is why adding another coin that has a nice volume with a potential of a huge volume would mean a lot for them.
