Coinbase now supports Dogecoin

[Tipstar]

Coinbase confirmed the next coin to be supported by it's wallet would be Dogecoin.
Now you can store Dogecoin on your coinbase mobile app. The support from coinbase has resulted in a sharp rise in price of Dogecoin in the last 24 hours.

Official announcement
https://blog.coinbase.com/announcing-dogecoin-doge-support-on-coinbase-wallet-5f1163be0493

Market response
https://ambcrypto.com/dogecoin-doge-receives-wallet-support-on-coinbase-notes-17-hike-since-jan-2019/

[MadGamer]

I understand that Bitcoin is the gold and Litecoin is the silver but what is Dogecoin really? I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

As for the market response then I honestly can't see anything. If you see the charts in CoinMarketCap for example and compare it with the time Coinbase did the announcement, there has been basically no significant changes, anything before Coinbase's announcement should not be considered as any type of "response".

[Tipstar]

I understand that Bitcoin is the gold and Litecoin is the silver but what is Dogecoin really? I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

As for the market response then I honestly can't see anything. If you see the charts in CoinMarketCap for example and compare it with the time Coinbase did the announcement, there has been basically no significant changes.

Dogecoin is still a great tipping coin. There are many websites and social networs that has enabled dogecoin as the primary tipping coin.
And with it's low transaction fees and quick transactions, Dogecoin is also extensively used for gambling.

[sabine80]

i never thought that a coin like dogecoin would support from coinbase. that is certainly good for dogecoin, but lets me doubt a little bit about coinbase.  

[OluwaTosin10]

It seems it doesn’t matter what dogecoin means
What matters most is getting results and doge just did that

The investors must be very joyous with the news

[rjp55]

It was just joke at the beginning and now look what it becomes.

It is a great way to see, even a joke can become something big, if they have community support.

[Awesomus Maximus]

Dogecoin is still a great tipping coin. There are many websites and social networs that has enabled dogecoin as the primary tipping coin.

I was going to ask what was the use case of Dogecoin, but your answer makes a lot of sense. It is kind of cool having a coin that would be used for tipping. Nevertheless, the Coinbase announcement comes as a huge surprise to me. I would have never guessed it. Not that I have something principally against this coin.

[sujonali1819]

Yea I also see the news a few hours ago. It's really good news about doge coin. But we can not see any pump by doge after publishing this news. Can we see any pump for this news? what do you think buddy?

[The Sceptical Chymist]

I understand that Bitcoin is the gold and Litecoin is the silver

I don't buy that anymore, not since the deluge of coins coming to market in the past few years.  Litecoin is still popular, yes, but calling it silver to bitcoin's gold is basically saying it's the #2 coin.  Just glancing at Coinmarketcap, it's #5 and I don't think it's anywhere near as popular as a coin like ETH and some of the others.  What you said may have been true at one point, but not anymore.

I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

Dogecoin has utility as a currency, probably even more so than bitcoin.  The transaction fees are much lower and confirmation times are faster.  Yeah, it is a joke coin but it does have a hardcore community even if there's no more development going on.  It could stay just like it is and continue to be useful to buy and sell stuff with.

All that aside, I'm kinda puzzled as to why Coinbase would add dogecoin.  Hell, even Binance doesn't list it (and that's always baffled me).  And given how much it's used for gambling, you'd think Coinbase would want to distance itself from it.  If I'm not mistaken, you can get your account closed if any funds going out of Coinbase are used in online casinos.  Who knows what they were thinking--but I think it's a cool step forward for doge.

[Adriano2010]

This is a good news, i hope they will also add Dogecoin on pro coinbase for trading, or they just add it only to store on app? I use coinbase sometimes and until now for my needs is very ok.

[||bit]

Coinbase can be the hardest exchange for a coin to list. And Dogecoin did achieve that. If you think how they started (joke) it is a great accomplishment.

[mindrust]

Doge urges you to pass the coins to someone else before it blows up in your hands just like the FIAT currency. It is not a store of value but it is pretty liquid and it has its own fan base. I don't like Coinbase at all but I liked their decision.

I use doge whenever it is possible when I need to move coins between exchanges. More doge adoption is always good.

[webtricks]

I understand that Bitcoin is the gold and Litecoin is the silver but what is Dogecoin really? I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

Most of the gambling sites love to add Dogecoin as playing currency. The main reason being the simplification. One of the major issue for beginners while using cryptocurrencies is decimals. Sending money in crypto is difficult for small amounts. For example, if I have to send $10 in BTC, it would be 0.002 BTC. People like us are now used to BTC and we may not find it much difficult but for new users and beginners using zero after decimals can be quite tricky. Dogecoin solves this problem. Most of the wallets use standard fees of 1 or 2 DOGE per transaction. This ease the sending/receiving process. Moreover, most of the platforms don't use decimals for DOGE. When using crypto in whole numbers, usage automatically become easy.
I personally prefer DOGE for gambling. It is also preferred coin for/by micro earners. DOGE is one of my favorite cryptocurrency and being the supporter of DOGE, it is really nice to see it getting listed on such a big exchange.

[nikola22]

Coinbase does just right to demand the requests of the users. Dogecoin is a popular coin and many people use it as a transfer cryptocurrency.

[bigcash2011]

I do not think coinbase listing news now results in massive pumps like it used to do in early days, now we just see minimal effect on listing news which is good and sign of market maturing, dogecoin being a longstanding coin should have been considered earlier but looks like due to its funny or meme side it was delayed.

[vgk88]

I think this is great news. Dogecoin is an old coin and many users use it. Dogecoin has a good popularity in the crypto community.

[whyrqa]

Now almost top wallet is Coinbase and where bbCoinbase will start support dogecoin, for future marketing coinbase will help dogecoin to pump pice. Dogecoin has high high trading volume but another listing news dogecoin. I checked their official announcement

[chaoscoinz]

Coinbase confirmed the next coin to be supported by it's wallet would be Dogecoin.
Now you can store Dogecoin on your coinbase mobile app. The support from coinbase has resulted in a sharp rise in price of Dogecoin in the last 24 hours.

Official announcement
https://blog.coinbase.com/announcing-dogecoin-doge-support-on-coinbase-wallet-5f1163be0493

Market response
https://ambcrypto.com/dogecoin-doge-receives-wallet-support-on-coinbase-notes-17-hike-since-jan-2019/

This is truly exciting news, as it proves that with patience, perseverance,  and Due diligence, you can make smooth and steady progress gradually. Coinbase has come along way from 3-4 business days for deposits and withdrawals.
Exciting times to be in, being at the cusp of innovation and all!

[Wittny]

This is indeed a good news for all dogecoin holders, coinbase now supporting dogecoin will be of great help for the coin in the nearest future.

[go4crypto]

This news has not pumped price much but still good to see coinbase add support for this popular coin. Dogecoin is already traded on most of the big and small exchanges.