Dogecoin seems to have jumped into life as it was announced that the digital asset was listed on Robinhood’s crypto platform. So now the price of Dogecoin is boosting up by 20%!
The US crypto platform has announced that they will now be listing Dogecoin as an asset for trading.
Robinhood’s cryptocurrency platform is available in seventeen states and got its first time in the news after it made the decision to launch a zero-free Ethereum and Bitcoin trading earlier this year.
The Robinhood crypto platform is allowing further offers for consumers to access Bitcoin Cash and Litecoin. This is boosting the amount of listed crypto assets to five.
Due to celebrity investors and its roster, the Robinhood platform now has lots of critical acclaim as well as its focus on zero-fee trading.
Earlier in the year, Jay-Z announced, through his company Arrive Venture Capital, a new investment in Robinhood which is parallel to previous artists such as Nas and Snoop Dogg.
Despite it’s unusual and bizarre nature, Dogecoin has been attracting interest in investment! The coin was originally developed as a spoof of the popular internet meme ‘Doge’ which was taken from the Shiba Inu breed. Since it was created, it has raked in a total market cap of £334 million USD.
When Dogecoin peaked in January this year, the virtual currency had a market cap which was just under $2 billion US dollars and it traded at $0.017.
Dogecoin investors seem to have unconventional culture. The community of the cryptocurrency is involved in charities and they have funded many other ventures such as the bobsled team in Jamaica!