Dogecoin price prediction sees a rise of up to 18% on its 24h High as the coin gets closer to its Coinbase launch. The coin trades at $0.43 which is the highest it has seen in quite a while after massive highs and massive lows.
Elon Musk Dogecoin
While Bitcoin has always been in the picture, Dogecoin has actually helped with the popularity of cryptocurrency in general. Tesla CEO Elon Musk has for a long time toyed with cryptocurrency mentioning it every once in a while. When it came to Dogecoin, however, everything changed.
Elon Musk started playing with the idea of $DOGE causing the price to skyrocket as new traders believed the price would go up to $1. The coin's all-time-high at $0.68, according to Reuters, was the most optimistic number that the coin has seen and now, at the $0.40 mark, it is already considered to be high for the coin.
Dogecoin Coinbase Pro
According to CNN, the dog-themed digital currency has seen a rise over 25% on June 2, 2021 to around $0.40. Investors had been chewing the news that the crypto giant Coinbase was now officially planning to let users of its Coinbase Pro service be able to buy and sell Dogecoin.
At the later hours of June 2, 2021, $DOGE started to reach $0.42 cents but as of June 3, 2021, the coin is trading at around $0.43. The official Coinbase blog post noted on June 1, 2021, that one of the most common requests that they have been receiving from their consumers is to be able to trade even more assets on their platform.
The company also officially added that $DOGE trading is now only available on its more advanced Coinbase Pro product for now and is currently not yet available for the more standard Coinbase.com website or maybe any of its own consumer mobile apps. The coin's RSI shows it to be close to 30 which could mean that it could spike again even more.
When it comes to the Bollingers Bands indicator, however, the coin's volatility is growing nearing the appearance of the cryptocurrency on Coinbase. With the coin being available on Coinbase, more and more people will be able to get in on the $DOGE action.
While the predictions of the coin are quite hard to make as of the moment, volume wise, traders can expect an increase in the availability of the coin on Coinbase. Of course, this still depends on whether or not the market is still pretty excited for the cryptocurrency despite no longer on its bullish run.
Dogecoin price prediction as of the moment isn't quite clear but when it comes to volume, traders might be able to expect a huge spike. Of course, everything will only be confirmed once the coin is officially available on Coinbase.
This article is owned by Tech Times
Written by Urian B.