From last night we have seen a sudden increase in Dogecoin . The reason for the increase is that Dogecoin is listed on the the california based fintech firm Robinhood .
Currently , Robinhood Crypto supports five cryptocurrencies and has recently confirmed that it is continuing to work on offering more crypto assets.
What is Robinhood ?
Robinhood is a stock brokerage that allows customers to buy and sell U.S. listed stocks and ETFs with $0 commission. They believe that everyone should have access to the financial markets and are on a mission to inspire a new generation of investors.
Why they listed Dogecoin ?
As many of the people don't know but dogecoin is technically similar to a majority of the mature cryptocurrency projects. Dogecoin is a payment-centric cryptocurrency that focuses on low fees for micropayments. It is mainly used as an e-commerce tool and an exchange of value by its community.
Also dogecoin have a very strong community claiming nearly 120,000 Reddit subscribers to its name. It is likely that the Dogecoin community has worked hard to vie for the support of Robinhood over the most recent months.
Most of the people thinks that Dogecoin is a shitcoin or they don't have any good technology . But if Robinhood can list this coin then there must be a good project behind this or it can also be beacuse of its large community . Dogecoin is a very old coin and still it is in market with a strong support , from here we can think that it can show us a good growth in near future.
In the past 24 hours , Dogecoin is more than 12 % up . Currently running on (0.00000043) Btc. I think it we still can see an increase in the price of Dogecoin .
What u guys think about Dogecoin ?
Share your views in comments .
