Canada boasts the second-largest economy in North America behind the United States, and according to Coinbase, it’s also the “third-most crypto-aware nation.” To me, the more significant development is a major announcement from popular cryptocurrency trading platform Coinbase, which is owned by Coinbase Global (NASDAQ:COIN). Coinbase, which went public in April, makes most of its money from the trading and storage of bitcoin and ethereum, the largest cryptocurrencies. The meme industry is thriving at the moment and Dogecoin plans to capitalize upon it. Basically, the coin acts as a reward mechanism for the meme creator. The complete decentralization has helped this project to climb the success ladder. At $52.3 billion, dogecoin had the sixth-largest market cap among all cryptocurrencies as of Thursday evening, according to CoinMarketCap, after seeing a massive rally in May that sent its market cap soaring to more than $85 billion.
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