Elon Musk Calls on Coinbase to List Dogecoin on Its Platform

15 March 2021 | Updated: 15 March 2021

Tesla CEO Elon Musk called on Coinbase, America’s largest cryptocurrency exchange, to enable Dogecoin (DOGE) on its platform over the weekend.

The tech mogul’s call to Coinbase came as a response to a question asked by a Twitter user, which noted that:

“Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw). Do you think Coinbase should enable Dogecoin on their platform? It would enable many folks to easily access DOGE.”

Furthermore, Musk tweeted a series of tweets around DOGE over the weekend. One of these tweets was the CEO revealing his plans to get a Shiba Inu dog, the dog breed used as the mascot for the meme cryptocurrency.

While this particular tweet did not drive the price action of Dogecoin, it sparked a near 300% rally in the price of the Shiba Inu (SHIB) token.

Meanwhile, Musk also made a tweet about Bitcoin over the weekend, saying that “BTC (Bitcoin) is an anagram of TBC (The Boring Company) What a coincidence!”. The tweet did not have any effect on the price action of BTC.

That said, Musk’s frequent tweets and comments on Dogecoin and other coins have gotten many people in the cryptocurrency community rattled, most of who think that his tweets are causing significant damage to the natural fabric of the industry given the level of influence he wields.

DOGEUSD – 4-Hour Chart

Key DOGE Levels to Watch — March 15
Dogecoin has been on a steady climb since its fall to the $0.0400 area in late February. The cryptocurrency made another attempt at the $0.0650 resistance yesterday but got heavily resisted and has since fallen below the $0.0600 round figure, once again.

That said, we expect to see a rebound from the current price levels ($0.0560) to $0.0650, once again, and higher over the coming hours and days. However, a slip below the ascending trendline could rapidly open the door to $0.0500.

Meanwhile, our resistance levels are at $0.0600, $0.0650, and $0.0700, and our key support levels are at $0.0550, $0.0500, and $0.0450.

Total Market Capitalization: $1.70 trillion

Dogecoin Market Capitalization: $7.2 billion

Dogecoin Dominance: 0.4%

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.