 ▲ Dogecoin (DOGE) |
Dogecoin (DOGE) has begun a full-fledged rebound toward reclaiming the $0.15 level, building a strong liquidity defense backed by new support from a major global exchange.
According to cryptocurrency media outlet CoinGape on February 18 (local time), Coinbase, the largest virtual asset exchange in the United States, has added Dogecoin as eligible collateral for its lending service, drawing significant market attention. With this decision, Dogecoin holders can now secure real cash liquidity through the Morpho protocol on the Base network without selling their assets.
Dogecoin investors can immediately borrow up to $100,000 in USDC stablecoins while continuing to hold their assets. This marks a groundbreaking measure that reduces the burden of selling assets, incurring taxes, or cutting positions during periods of sharp price volatility. Coinbase explained that the service is well-suited to meet various real-life financial needs, such as home down payments or urgent bill payments.
Technically, Dogecoin has been consolidating energy to break through the key resistance level of $0.15 despite broader market pressures. Experts assess that Coinbase’s adoption of DOGE as collateral elevates the token from a simple meme coin to a practical financial asset. Such infrastructure enhancement helps ease selling pressure, strengthen long-term holder confidence, and stimulate strong buying sentiment.
In addition to Dogecoin, Coinbase has expanded its collateral list to include XRP, Cardano (ADA), and Litecoin (LTC), significantly broadening the scope of the altcoin-based credit market. Notably, XRP rebounded nearly 1% following the collateral announcement, signaling recovery around the $1.42 level. Cardano and Litecoin have also secured new liquidity channels amid overall market downside pressure, laying the groundwork for potential rebounds.
As more cases emerge of digital assets being recognized as major collateral within the traditional financial system, Dogecoin’s market stability is expected to strengthen further. With recovery attempts toward $0.15 gaining momentum, such financial backing from a major exchange could serve as a key driver for a strong rally ahead. Investors are closely watching for a liquidity surge and potential price triggers stemming from Coinbase’s expanded collateral support.
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