The price of Dogecoin (DOGE) is climbing again as investors anticipate a possible Coinbase (COIN) listing.
CEO Brian Armstrong said during a Thursday earnings call that the cryptocurrency company is preparing to list Dogecoin on its platform.
We plan to list DOGE in the next six to eight weeks, and then more broadly, we’re going to be focused on how we can accelerate asset addition in the future.Brian Armstrong, CEO @ Coinbase
Armstrong added during the call that Dogecoin “has been getting a lot of attention recently.”
Dogecoin has made headlines in recent months since several big-name celebrities, including Tesla CEO Elon Musk and rapper Snoop Dogg, brought it up on social media.
The cryptocurrency’s market value is currently listed at more than $70 billion and is now a top-five cryptocurrency, CoinMarketCap data shows. Individual Dogecoins are worth about $0.55 per unit compared to Bitcoin’s $51,000.
Dogecoin could surge above $1
With all the buzz and attention coming to Dogecoin, it is very possible that the coin could reach $1 very soon.
In addition, Elon Musk is working with Dogecoin developers to improve system transaction efficiency, said in an earlier tweet by Tesla CEO.
Dogecoin isn’t taken very seriously by loyal bitcoin supporters. It started in 2013 as a joke, inspired by the “Doge” meme, but has since found a growing community online. Dogecoin is now the fourth-largest crypto by market value on CoinMarketCap, worth over $68 billion.