A Dogecoin (DOGE) its rival recovered after suddenly being listed on the platform of retail giant Robinhood.
In a new announcement, Robinhood says the dogwifhat (Wi-Fi) is available for trading on Monday.
Amid the news, memecoin surged to a high of $3.62, up from Sunday’s low of $3.06. WIF has stabilized at $3.24 at the time of writing, up 4.7% in the last 24 hours.
With a market capitalization of $3.2 billion, Solana (GROUND), based on memecoin, is the 49th largest crypto project.
Earlier this month, Coinbase, the leading U.S.-based cryptocurrency exchange announcement support for WIF, launched less than a year ago in December 2023 as a community memecoin with a fixed supply. The digital asset displays an image of a Shiba Inu dog wearing a pink knitted hat.
For Robinhood, it’s just the latest addition of several digital assets added to its suite of crypto trading options.
Two weeks ago, Robinhood announced the addition of smart contract platforms Solana and Cardano (ADA), memecoin Pépé (PEPE) And XRP to trade on its platform, which already included Bitcoin (BTC), Ethereum (ETH), Dogecoin, chainlink (LINK), Avalanches (AVAX) and Aave (AAVE).
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, said:
“Our customers have consistently told us they want access to more digital assets, and we are excited to continue to expand our crypto offering. With lower barriers to entry, we believe crypto presents an opportunity for those who have historically been left behind by the traditional financial system.
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