A Dogecoin (DOGE) rival has rallied after abruptly being listed on retail buying and selling big Robinhood’s platform.
In a brand new announcement, Robinhood says that the dogwifhat (WIF) is offered 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, high US-based crypto trade platform Coinbase announced help for WIF, which launched lower than a 12 months 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 carrying a pink knitted hat.
For Robinhood, it is just the newest addition of a number of digital belongings added to its suite of crypto buying and selling choices.
Two weeks in the past, Robinhood introduced it was including good 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).
Mentioned Johann Kerbrat, vice chairman and normal supervisor of Robinhood Crypto,
“We’ve persistently heard from our prospects that they need entry to extra digital belongings, and we’re excited to proceed increasing our crypto providing. With decrease obstacles to entry, we consider crypto presents a chance for individuals who have been traditionally left behind by the standard monetary system.”
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