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Dogecoin supported by the addition of Coinbase as the musk tweets continue

(Bloomberg) – Dogecoin, the cryptocurrency with the Shiba Inu theme, started jokingly in 2013, surpassing the top competitors in the week when it launched the Coinbase.

While the largest cryptocurrencies Bitcoin and Ether have risen 6.2% and 14.9% respectively over the past seven days, Dogecoin has advanced 24% over the same period of 7:50 am in London, according to CoinGecko prices. While Coinbase said weeks ago that it planned to add Dogecoin, the announcement that it now supports a Coinbase.com memo-tag and in Android and iOS apps Coinbase means that Dogecoin is more affordable and continues to gain ground.

“This rebound in Dogecoin comes at a time when cryptocurrency is consolidating its position,”

; said Edward Moya, a senior market analyst at Oanda Corp., in a note Wednesday, citing Coinbase’s development as a price increase. “So we shouldn’t be surprised if this recent tide disappears – or if it makes a new attempt at the moon.”

Dogecoin has grown by more than 14,000% over the past year, surprising even the crypto community and giving it the sixth largest market value. His profits were cited as examples of the power of retailers, attracting memes and a case in what could happen in a world where the Federal Reserve and other central banks are pursuing relatively loose monetary policies to try to overcome 19 economic damage.

And it wouldn’t be Dogecoin without a little social media action to liven things up. There is little to deny that the Twitter statements of the founder of Tesla Inc. Elon Musk has moved the prices of Bitcoin and Dogecoin several times. Many in the bitcoin community have been horrified by the world’s third-richest man in recent times for reasons, including his move back to accepting bitcoin as a payment and a tweet hinting at parting with the largest cryptocurrency. But some Dogecoin fans are actively courting him.

“If anyone has a problem with Elon, they’ll have to go through #DogeArmy first,” a Twitter user suggested.

And Billy Marcus, co-creator of Dogecoin, who no longer encodes the project, jokes that he bought a new Tesla with Dogecoin – with photos showing a replica of a toy-sized vehicle. Musk “liked” the tweet.

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