A Dogecoin (DOGE) rival has rallied after all of a sudden being listed on retail buying and selling big Robinhood’s platform.
In a brand new announcement, Robinhood says that the dogwifhat (WIF) is accessible for buying and selling on Monday.
Amid the information, the memecoin soared to a excessive of $3.62, up from Sunday’s low of $3.06. WIF has settled right down to $3.24 at time of writing, up 4.7% within the final 24 hours.
With a market cap of $3.2 billion, the Solana (SOL)-based memecoin is the forty ninth largest crypto mission.
Earlier this month, prime US-based crypto change platform Coinbase introduced assist for WIF, which launched lower than a yr in the past in December 2023 as a community-driven memecoin with a set provide. The digital asset shows the picture of a Shiba Inu canine sporting a pink knitted hat.
For Robinhood, it’s only the most recent addition of a number of digital property added to its suite of crypto buying and selling choices.
Two weeks in the past, Robinhood introduced it was including sensible contract platforms Solana and Cardano (ADA), memecoin Pepe (PEPE) and XRP for buying and selling on its platform, which already included Bitcoin (BTC), Ethereum (ETH), Dogecoin, Chainlink (LINK), Avalanche (AVAX), and Aave (AAVE).
Stated Johann Kerbrat, vice chairman and common supervisor of Robinhood Crypto,
“We’ve persistently heard from our clients that they need entry to extra digital property, and we’re excited to proceed increasing our crypto providing. With decrease limitations to entry, we imagine crypto presents a possibility for many who have been traditionally left behind by the normal monetary system.”
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