The price of the meme cryptocurrency Dogecoin DOGE/USD fell significantly following its recent listing and giveaway announcement by the biggest US-based exchange Coinbase Global Inc. COIN.
What Happened: According to CoinMarketCap's data, Dogecoin's price fell by over 17% from its 24-hour high of $0.4304 to a low of $0.3558. It was trading $0.3634 at press time.
See also: Today’s Dogecoin Price
The coin price also followed Bitcoin, which fell by over 7.8% from its 24-hour high and was trading at $36,535.
Dogecoin's price went down despite Coinbase's announcement about listing the coin on its Coinbase Pro trading platform.
It’s raining DOGE!
— Coinbase (@coinbase) June 3, 2021
Dogecoin is now on Coinbase and we’re giving away $1.2 million in DOGE to celebrate. Opt in and then buy or sell $100 in DOGE on Coinbase by 06/10/2021 for your chance to win. Limit one entry per person.
Details here 👇https://t.co/RU52JrTiqd
The exchange also announced yesterday that it would give away $1.2 million in DOGE for free to celebrate its listing.
Read also: Elon Musk Unveiled Bitcoin's Weakness, Says Miami Mayor Francis Suarez
To obtain free Dogecoin, Coinbase users are supposed to opt-in and then buy or sell $100 of the coin before June 6.
One of the winners will get $300,000 worth of Dogecoin, the other ten will receive $30,000, and 6000 winners will be accredited $100 worth of the cryptocurrency.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.