- Robinhood lists Dogwifhat (WIF), increasing its coin providing and market attain.
- Dogwifhat worth jumped 7.73%, stabilizing round $3.35 after itemizing.
- Robinhood goals to capitalize on the meme coin development, now together with European customers.
Robinhood Crypto has added the Solana-based Dogwifhat (WIF) coin to its buying and selling platform, increasing the attain of the favored canine-themed token.
This itemizing follows Robinhood's latest addition of Pepe, one other coin, earlier in November, marking a development of accelerating coin provide on the platform.
Dogwifhat Value Skyrockets
Upon the itemizing announcement, Dogwifhat noticed a quick worth rally, climbing 7.73% to $3.57 earlier than stabilizing round $3.351.
The itemizing expanded WIF's attain past the Solana ecosystem, positioning it as a severe competitor within the rising coin market.
With a market capitalization of $3.3 billion, Dogwifhat now ranks because the fifth largest meme coin, behind heavyweights like Dogecoin, Shiba Inu, PEPE and Bonk.
Dogwifhat, which is impressed by Dogecoin (DOGE), is positioned as a light-weight and revolutionary different.
Since its launch over a yr in the past, Dogwifhat has gained traction within the coin house, fueled by a crowdfunding marketing campaign that raised $650,000 in hours to advertise the token on the Las Vegas Sphere. Its rise is a component of a bigger development within the crypto market, the place meme cash similar to PEPE, DOGE, and SHIB proceed to draw vital buying and selling quantity.
Robinhood expands its crypto choices
Robinhood's determination to record Dogwifhat is a part of its technique to increase its crypto choices and faucet into the booming coin market. The buying and selling platform, which beforehand lowered its crypto choices amid regulatory uncertainty, is now making a daring return to the market.
The WIF itemizing additionally marks a step in direction of wider international accessibility, with Robinhood making the token out there to European customers.
As meme cash proceed to captivate crypto merchants, Robinhood's expanded choices present its dedication to remaining aggressive in a quickly altering market.
With rumors circulating a few attainable BONK itemizing, it’s clear that Robinhood is positioning itself as a key participant within the coin house.
