{"id":549127,"date":"2021-06-02T08:36:16","date_gmt":"2021-06-02T12:36:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=549127"},"modified":"2021-06-02T08:36:18","modified_gmt":"2021-06-02T12:36:18","slug":"dogecoin-rallies-after-launching-on-coinebase-pro-dogefather-elon-musk-retweets-inevitable-meme","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dogecoin-rallies-after-launching-on-coinebase-pro-dogefather-elon-musk-retweets-inevitable-meme\/","title":{"rendered":"Dogecoin Rallies After Launching On Coinebase Pro, \u2018Dogefather\u2019 Elon Musk Retweets \u2018Inevitable\u2019 Meme"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdogecoin-rallies-after-launching-on-coinebase-pro-dogefather-elon-musk-retweets-inevitable-meme%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=549127&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1299388491-1200x800-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>Cryptocurrency trading site Coinbase announced in a blog post that the meme currency, Dogecoin, would be launching on Coinbase Pro.<\/span><\/p>\n<p><span>\u201cStarting immediately, we will begin accepting inbound transfers of DOGE to Coinbase Pro. Trading will begin on or after 9am Pacific Time (PT) Thursday June 3, if liquidity conditions are met,\u201d announced <\/span><a href=\"https:\/\/blog.coinbase.com\/dogecoin-doge-is-launching-on-coinbase-pro-1d73bf66dd9d\"><span>Coinbase<\/span><\/a><span>. \u201cOnce sufficient supply of DOGE is established on the platform, trading on our DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will launch in three phases, post-only, limit-only and full trading.\u201d<\/span><\/p>\n<p><span>Dogecoin was created by Billy Markus and Jackson Palmer as a joke in 2013, based on the Shiba Inu dog from the \u201cDoge\u201d meme, promoting it as the \u201cfun and friendly internet currency.\u201d Despite its satirical beginnings, Dogecoin has emerged as a popular coin among some cryptocurrency enthusiasts, with the price of the coin up almost 6,000% for the year, having dropped by more than 50% since its high of 72 cents in May.<\/span><\/p>\n<p><span>As <\/span><a href=\"https:\/\/www.coindesk.com\/coinbase-lists-dogecoin-on-professional-trading-platform\"><span>Coindesk<\/span><\/a><span> noted, \u201c<\/span><span>While the blog post did not announce whether Coinbase would add the cryptocurrency to its retail trading platform and mobile app, the publicly traded crypto exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version.\u201d<\/span><\/p>\n<p><span>One major factor when it comes to the turbulent price of Dogecoin is Elon Musk, CEO of Tesla and SpaceX, who is an outspoken fan of the meme coin. When Coindesk announced that Coinbase Pro would be listing Dogecoin, Musk responded by sharing a July 2020 meme of a \u201cdogecoin standard\u201d sandstorm bearing down on the global financial system.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"3.6923076923077\">\n<p lang=\"und\" dir=\"ltr\">\u2026 <a href=\"https:\/\/t.co\/Nknrxkb0RV\">https:\/\/t.co\/Nknrxkb0RV<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1399870383063437313?ref_src=twsrc%5Etfw\">June 1, 2021<\/a><\/p>\n<\/blockquote>\n<p><span>After Musk reacted to the news, \u201c<\/span><span>Dogecoin rallied more than 20% Wednesday morning,\u201d according to <\/span><a href=\"https:\/\/www.forbes.com\/sites\/roberthart\/2021\/06\/02\/dogecoin-soars-as-elon-musk-declares-the-cryptos-inevitable-financial-takeover-following-coinbase-pro-listing\/?sh=4a0527be77f2\"><span>Forbes<\/span><\/a><span>, with the outlet adding that \u201cThe exchange\u2019s announcement spurred a flurry of interest in the meme cryptocurrency, as did tweets from Tesla CEO Elon Musk, who regularly moves crypto markets with his social media activity.\u201d<\/span><\/p>\n<p><span>This isn\u2019t the first time in recent weeks that Musk has had a real impact on the cryptocurrency market. For example, m<\/span><span>any cryptocurrency investors watched his appearance on Saturday Night Live in early May, looking to see whether Musk would mention Dogecoin.<\/span><\/p>\n<p><span>While the self-proclaimed \u201cDogefather\u201d did mention the meme coin on multiple occasions, the price of Dogecoin plummeted following the episode.&nbsp;<\/span><\/p>\n<p><span>Later during the show, Musk appeared on Saturday Night Live\u2019s<\/span><span>&nbsp;\u201cWeekend Update\u201d segment as financial expert \u201cLloyd Ostertag\u201d to discuss the subject of cryptocurrency. Speaking with Michael Che, Musk admitted that Dogecoin was a \u201chustle.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"5.8550724637681\">\n<p lang=\"en\" dir=\"ltr\">Lloyd Ostertag stopped by the desk to talk cryptocurrency. <a href=\"https:\/\/t.co\/cuILxOBJlj\">pic.twitter.com\/cuILxOBJlj<\/a><\/p>\n<p>\u2014 Saturday Night Live \u2013 SNL (@nbcsnl) <a href=\"https:\/\/twitter.com\/nbcsnl\/status\/1391253461640093697?ref_src=twsrc%5Etfw\">May 9, 2021<\/a><\/p>\n<\/blockquote>\n<p>As <a href=\"https:\/\/www.cnn.com\/2021\/05\/09\/investing\/dogecoin-elon-musk-snl\/index.html\"><span>CNN<\/span><\/a><span> reported, \u201cAfter pumping up the value of the cryptocurrency in the lead-up to Musk\u2019s SNL appearance, investors sold off dogecoin sharply after the Musks talked about it on the show. Dogecoin was down 40%, trading as low as 44 cents early Sunday. The cryptocurrency started Saturday trading at around 70 cents and was selling for about 66 cents just before SNL went on the air at 11:30 pm ET.\u201d<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency trading site Coinbase announced in a blog post that the meme currency, Dogecoin, would be launching on Coinbase Pro.\u201cStarting immediately, we will begin accepting inbound transfers of DOGE to &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1890063,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-549127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/549127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=549127"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/549127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890063"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=549127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=549127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=549127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}