“Dogecoin Cheers Coinbase Listing as Bitcoin’s Range Play Continues”
June 3, 2021
“…According to on-chain analyst Willy Woo, the cryptocurrency is trading well below its fair value. Thus, a price bounce cannot be ruled out. In contrast, JPMorgan analysts foresee another leg lower before stability and recovery. Bitcoin fell from $58,000 to nearly $30,000 in the eight days to May 19. Dogecoin is trading at 12-day highs above 32 cents, representing a 5% gain on the day. The cryptocurrency has risen by 18% in the past 24 hours. Coinbase’s decision to add dogecoin to its professional trading platform seems to have buoyed the Shiba Inu-themed cryptocurrency…”
https://finance.yahoo.com/news/dogecoin-cheers-coinbase-listing-bitcoin-083726365.html