Post
Topic
Board Trading Discussion
Re: Doge and coindbase
by
Lakai01
on 03/06/2021, 08:08:43 UTC
A lot of rumors about doge that it will pump to 1$.. Also there is a rumor that it will be live on Coinbase on 11th of the june..
Should we hodl our coin till 11th.. please suggest..
if i were you probably i will prefer to hold because if they listing on coinbase surely doge will pump the price and excess more, infact that's what always happen as well in some projects wherein after listing they achieved new value afterwards.
-snip-
The pumping usually happens right at the announcement of the listing, not at the direct listing itself. The behavior can be observed quite nicely in the listing of Cardano on Coinbase, for example:



The first arrow points to the date of the announcement, the second to the actual listing time (March 19). I expect a similar scenario for Doge, so the big pump should already be over.

In any case, anyone who wants to invest in Doge should take 5 minutes and look at the token distribution and also look very closely at how many new Doge are printed per day.