(Bloomberg) — Dogecoin, the Shiba Inu-themed cryptocurrency started as a joke in 2013, outperformed top rivals in the week as it launched on the Coinbase exchange.
While the biggest cryptocurrencies Bitcoin and Ether were up 6.2% and 14.9% over the past seven days respectively, Dogecoin advanced 24% over the same period as of 7:50 a.m. in London, according to CoinGecko pricing. While Coinbase said weeks ago that it planned to add Dogecoin, the announcement that it now supports the meme-based token on Coinbase.com and in the Coinbase Android and iOS apps means Dogecoin is more accessible and continuing to establish itself.
“This Dogecoin bounce comes during a period where the cryptoverse is seeing a consolidation of positions,” Edward Moya, senior market analyst at Oanda Corp., said in a note Wednesday where he cited the Coinbase development as bolstering the price. “So we should…
