Dogecoin (DOGE) which is a crypto meme is in the phase of rocketing to the highest price level of all time enjoyed before. Today, the DOGE price has passed the key resistance price level of $ 0.40 after several weeks of playing below the $ 0.35 level.
Market players think the price spike was driven by the announcement of DOGE’s listing on Coinbase Pro. Coinbase Pro is a dedicated exchange for institutional purchases and Dogecoin will start trading on the platform starting June 3rd. Dogecoin inflow transfers are already possible starting June 2 ahead of the opening of trades.
Based on past data, listings on Coinbase often drive price spikes and Dogecoin listings follow a similar trend. DOGE has risen more than 30% to break the important resistance of $ 0.40 and is currently trading above $ 0.41.
This 'bull run' season has transformed Dogecoin from a meme token into a real investment as the altcoin jumped more than 6,000% throughout 2021. It became a public craze due to the support of Ari Elon Musk. third largest of market capitalization.
Dogecoin is currently trading at $ 0.42 with a jump of more than 33% while ranking sixth in terms of largest market capitalization.
