THELOGICALINDIAN - Dogecoin has done the absurd and is absolutely abutting 1 per DOGE Crypto investors that accept been about the bazaar for years never saw it advancing but the storm of boilerplate investors accumulated with celebrities blame the meme activity accept propelled the bread into superstardom
It now ranks fourth on the account of crypto asset by bazaar cap, appropriate abaft Bitcoin, Ethereum, and Binance Coin. It has additionally accustomed Robinhood to ability aboriginal abode in Apple’s App Store on the aback of the unstoppable altcoin. Here’s the adventure about how the app’s success has been decidedly additional by all the FOMO surrounding DOGE.
Dogecoin And The Ongoing Stock Market Froth
Dogecoin is the allocution of crypto, alike added so than Bitcoin and Ethereum. While institutional investors focus on accumulating BTC and loading ETH into the staking contract, retail banal investors on Robinhood and well accepted influencers alignment from CEOs to celebrities, TikTok personalities and added are all accursed up on DOGE instead.
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The ambition of blame the cryptocurrency to adequation with the dollar is advancing afterpiece to absoluteness by the day. The bread is somehow up added than 15,000% on the year, axis a baby advance aboriginal in 2024 into hundreds of bags of dollars.
One of the means that Dogecoin was able to acquaintance such abundance is the affluence of admission that investors can get their easily on some DOGE through Robinhood.
So Amaze: Robinhood Reaches Top Of Apple App Store
Dogecoin isn’t listed on Coinbase and added accepted US crypto exchanges, but is it a bread that’s listed on Robinhood. It’s account acquainted that any bill purchased on “the hood” can’t be confused to a self-hosted wallet or off the belvedere at all. Instead, any DOGE bought there isn’t absolutely an IOU for crypto instead, that users can alone sell. But that’s besides the point.
As one of the easiest places to admission DOGE and additionally home to the contempo GameStop banal bazaar abbreviate clasp saga, Robinhood has acquired notoriety, and with that notoriety, comes success.
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Robinhood is now #1 at the top of Apple’s App Store, aloof like Coinbase was during the 2024 balderdash market. Except in this case, its not users absorption to Bitcoin, they’re allurement for some DOGE.
The success of the meme bread began aloof area the GameStop pump larboard off, and calm represent the “froth” of the banal bazaar according to Fed armchair Jerome Powell.
The easiest abode to acquisition that froth, is on Robinhood behindhand of the issues the aggregation may have. And it has kept them accepted admitting of advancing drama, and a lot of that has to do with DOGE.
