Dogecoin  rose over 20% after after crypto platform Coinbase said it would allow trading, prompting cheers from Elon Musk.

Recall that the company on Tuesday, announced that it would begin to accept  inbound transfers of DOGE to Coinbase Pro.

Also Read: Crypto Traders Can Now Trade Dogecoin On Coinbase Pro

Last month, Coinbase CEO Brian Armstrong said the crypto-focused company would list dogecoin on its trading platform, largely because it was missing out on revenues as rivals to Coinbase offered the social-media driven crypto on their websites amid a stratospheric rise in its value.

Dogecoin prices have been in a major down trend after hitting a record near 75 cents following the appearance of crypto bull and big dogecoin supporter Elon Musk as the host of NBC’s comedy show “Saturday Night Live” last month.

Even with the recent slump, however, doge prices are up nearly 9,000% in the year to date.