Coinbase Wallet Now Supports Dogecoin, Doge Remains Its Peg To One Doge

Coinbase, the popular US-based cryptocurrency exchange, has added support for Dogecoin (DOGE) to its Coinbase crypto wallet, according to an announcement published May 1.

Per the announcement, Coinbase is not currently listing Dogecoin on their exchange for trading, but rather just supporting the crypto in the Coinbase wallet on desktop, Android, and iOS.

Additionally, the Coinbase wallet will support the DOGE testnet to aid developers and advanced users.

Coinbase Wallet Supported Coins

With the Coinbase Wallet’s addition of Dogecoin (DOGE), the wallet now supports a total of 7 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin cash (BCH), Ethereum Classic (ETC), Ripple (XRP), and Stellar Lumens (XLM).

Dogecoin (DOGE) History

Dogecoin was created in 2013 from a fork of Bitcoin (BTC) and was originally intended to be a joke currency. Its logo comes from a popular meme of the Shiba Inu dog, and its inventor Jackson Palmer purportedly meant for the coin to poke fun at the cryptocurrency hype in Silicon Valley at the time. Since then, Dogecoin has been surprisingly successful and has channeled its renown into supporting charities and good causes.

Moreover, as previously reported by IIB, Elon Musk jokingly said that Dogecoin (DOGE) was his favorite cryptocurrency and changed his Twitter bio to read “Former CEO of Dogecoin.”

Overall, the cryptocurrency is loved by many people in the space, and has endured the ups and downs prone in the crypto markets. Currently, the coin is trading at $0.002713, having gained 5.36% over the past 24 hours. The coin had a previous all-time high at $0.017 and has held up surprisingly well compared with many other shitcoins.

Do you think Dogecoin (DOGE) will be around forever? Will it surpass all-time highs and develop a real use case? Let us know what you think in the comment section below.