Dogecoin (DOGE) has recently gained popularity. The crypto coin showed a lot of increase in usage in recent times. Now, it will show a lot more as it is going to be added in the Coin base official Wallet app. Yes, now you can store the DOGE directly in your Coinbase wallet.
Coinbase recently in announced they will now allow the storage of DOGE in their wallet. The wallet currently supports all the famous cryptocurrencies such as Bitcoin, Bitcoin Cash, Enthereum, XRP, Stellar and with over 100k different tokens.
The update will soon roll out in the current week itself to all the IOS as well as Android users. You can select the receive button from the app and select DOGE from the drop-down list given there.
The recent popularity
The coin is famous for many of the memes roaming all over the social media. In the last September, Tesla and SpaceX CEO, Elon Musk tweeted about annoying scammer on twitter and asked Palmer to help him out. Recently, Dogecoin joked about making Elon Musk the CEO of Dogecoin to which Elon replied with a DOGE meme from his official Twitter account.
It is one of the 27th largest cryptocurrency according to the CoinMarketCap when ranked according to the market capitalization. It is growing at tremendous speed from the last couple of months. The coin has daily trading of over $33.8 million.
This was all about the past of the Dogecoin, as now Coinbase supports Dogecoin, the popularity is going to increase and people will start using the coin. This is because of the wallet features. Among all the wallets that are currently available, people use the Coinbase wallet the most.
You can use the wallet currency to add, spend and track the money to any merchant accepting cryptocurrency. You can use it to learn a new language or you can use for any purpose where the merchant is accepting cryptocurrency as one of their payment methods. People can now transact all the currencies in just one place with the use of a Coinbase wallet.