Robinhood has decided that it is time to add another crypto to its trading platform. The platform already supported Litecoin (LTC) and Bitcoin Cash (BHC). Now, however, Dogecoin (DOGE) has received the platform’s support as well.
DOGE joins Robinhood
Robinhood has decided that Dogecoin (DOGE) will make an excellent new addition to its crypto trading platform. DOGE is a P2P cryptocurrency that was created back in 2013 as a joke. The coin came as a response to the meme that was popular at the time, based on Kabou, the real Japanese Shiba Inu that inspired the internet to create countless variations of this meme.
It was created, and ran for a while, by Jackson Palmer, who has since decided to remove himself from the place of the coin’s leader. However, Dogecoin continued its existence, and it currently holds the 40th place on CoinMarketCap, with the price of $0.002893 per token, and a market cap of $333.6 million.
Robinhood’s announcement makes DOGE the newest coin to be added to this crypto platform, alongside Bitcoin Cash (BCH) and Litecoin (LTC), which joined only last week.
An interesting thing about Dogecoin is that it has no limit when it comes to the number of coins that can be mined. In fact, the crypto already has more than 115 billion coins in circulation. It hit the $1 billion market cap back in January, and its worth exceeded that of Japanese Yen at the time.
Robinhood wants a banking license
As for Robinhood, its first batch of users came back in February, when they witnessed a launch of zero-fee trading of Ethereum (ETH) and Bitcoin (BTC). The platform is actually called Robinhood Crypto, and it can be used in 17 states. Additionally, the platform is now supporting five cryptos, but it also provides market data in real time for a lot more than just these five coins.
Some reports from last month have said that Robinhood is discussing the possibility of getting a banking license with the US OCC (Office of the Comptroller of the Currency). Some sources even stated that Robinhood is interested in offering saving accounts and much better interest rates than traditional banks. They even mentioned the possibility of a one-stop financial service portal.
If true, this might be more than enough for the platform to beat any immediate competition that would include traditional banks and financial institutions. Additionally, the company published a job posting for crypto engineers back in June, which has been a cause for an entire wave of various rumors regarding their plans for the future. Some even suggested that the company is creating its own wallet. However, so far, there were no indications that this might be true.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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