Dogecoin has made unbelievably progress since it was created. Now, the Dogecoin projections, and Dogecoin price prediction 2019 are bullish due to the positive Dogecoin news that have been surfacing on the internet. Dogecoin has excelled rapidly and is now one of the most popular cryptocurrencies on the space. On Wednesday, America’s most popular cryptocurrency exchange, Coinbase, added support for Dogecoin on its wallet app. Now, Dogecoin holders can store their DOGE tokens on the Coinbase Wallet. What does this mean for Dogecoin? How will Coinbase impact the Dogecoin price prediction 2019 or the Dogecoin projection beyond 2019? These questions will be answered in our Dogecoin news today.
Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin Projections – Coinbase Wallet Adds Support For Dogecoin
Per the announcement, all Coinbase customers with Android and iOS devices will be able to use DOGE in from next week. Following the announcement, Siddharth Coelho-Prabhu of Coinbase said;
“Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, XRP, Stellar Lumens, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for DOGE is an important next step toward our goal.”
This announcement comes shortly after Coinbase announced the release of a feature that allows its customers to store encrypted versions of their private keys on their cloud accounts on iCloud or Google drive. The private keys can easily be accessed through the Coinbase Wallet app using a user’s password. Shortly after this feature was released, critics bashed Coinbase as they considered the method of storage unsafe.
Dogecoin Price Prediction 2019 – Dogecoin Coinbase Listing – Dogecoin News Today – How Will This Coinbase Support Affect The Dogecoin Projection?
Coinbase is a reputable cryptocurrency company. Over the years, many cryptocurrencies have enjoyed extra credibility, adoption, and price surge by getting listed on Coinbase or being added to the Coinbase Wallet app. This is called the Coinbase effect and Dogecoin is going to enjoy it too. Coinbase has a reputation of listing only the cryptocurrencies with the highest prospects. This is why users tend to be more inclined to buy a cryptocurrency that is listed on Coinbase.
Bitcoin (BTC) Price Today – BTC / USD
As soon as Coinbase announced that it will be enabling support for Dogecoin in its wallet app, the price of Dogecoin spiked against the USD. While the spike wasn’t too high, it was encouraging to investors considering the recent loses. In the future, this support is only going to increase the adoption of Dogecoin and boost its price accordingly.
At the time of writing, the price of Dogecoin was trading at $0.002547. This means that it is up by 1.86% against the USD and up by 1.03% against the price of Bitcoin. The trading volume over a 24 hour period is $28,889,775 and the market capitalization is $303,939,705. If the Dogecoin projection continues to be positive, the price of the cryptocurrency will continue rising. Before the end of the year, Dogecoin may sell as high as $1 as stated in our previous Dogecoin price prediction 2019.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news today? Will the Coinbase Dogecoin listing help boost the Dogecoin projection? Share your thoughts in the comment section below.