Dogecoin price surges following its listing on Coinbase Pro

• Dogecoin rose in value after Coinbase announced that the coin is tradeable on its platform. 
• It is now valued at USD 0.43 per coin, 31 per cent higher than before. 
• Dogecoin was launched in 2013 as a joke and gained mainstream traction after Elon Musk Tweeted about it some time ago. 

The cryptocurrency market has been pretty volatile lately due to several factors. Bitcoin has lost significant value due to the Chinese government cracking down on large-scale mining operations. On the other hand, Dogecoin seems to have jumped in value by a significant amount. It is now worth USD 0.43 (approx. Rs 30), 31 per cent higher than earlier. This is due to Coinbase stating that users can now buy and sell Dogecoin on its platform. Coinbase is one of the largest cryptocurrency exchanges on the market. Dogecoin has picked up in value ever since billionaire Elon Musk expressed interest in it. However, a cursory glance at Dogecoin's value on CoinDesk tells us that it went as high as USD 0.74. A TikTok campaign from earlier tried to push its price to USD 1.00 but failed.