Elon Musk, the billionaire founder of Tesla and SpaceX, has once again tweeted his support for Dogecoin, his favorite cryptocurrency (DOGE). Following several tweets from Musk, Dogecoin has managed to break into the mainstream, sending the cryptocurrency on brief rallies. He expressed interest in getting the cryptocurrency listed on Coinbase, the leading cryptocurrency exchange in the United States, in a tweet on Saturday.
Is it possible for Elon Musk to get Dogecoin on Coinbase?
The billionaire announced this after being asked on Twitter if he wants the Dogecoin cryptocurrency to be listed on the exchange. He agreed with the statement that Dogecoin’s inclusion on Coinbase will render the cryptocurrency more available to a wider audience.
Many cryptocurrencies are backed by the US exchange, including DeFi tokens such as SKALE (SKL), Polygon (MATIC), and SushiSwap (SUSHI), which were recently listed on Coinbase Pro on March 10.
However, the meme cryptocurrency has yet to be supported on its website. It’s unclear if Coinbase would respond to Elon Musk’s request for Dogecoin to be listed on its website. Dogecoin is likely to experience another huge rally as a result of such an announcement. DOGE was trading at $0.05735 on Coinmarketcap at the time of publication, up 3.30 percent on a 24-hour map. The crypto’s market capitalization is around $7.3 billion, with a circulating supply of 128,743,201,388 DOGE.
Dogecoin is on its way to the moon, according to Elon Musk.
Tesla’s founder is a strong supporter of Dogecoin. He has been vocal about the cryptocurrency on Twitter, even revealing that he purchased some DOGE for his son. However, in addition to Dogecoin, the billionaire is a Bitcoin (BTC) supporter. Tesla, the electric car manufacturer, sent Bitcoin soaring in February after announcing a $1.5 billion cryptocurrency investment as part of their balance sheet.