The meme cryptocurrency Dogecoin continues to be a favorite among Robinhood users, despite its price remaining relatively unchanged over the past year.
The original meme cryptocurrency, Doge coin, currently with a market cap of $46 billion, has long been popular among Robinhood users. Back in 2021, Doge coin was the platform's main source of revenue, experiencing a massive rally fueled by constant social media attention from billionaire Elon Musk and other influential figures. Since listing Doge coin in 2018, Robinhood has added other meme coin s like Shiba Inu (SHIB) and dogwifhat (WIF).
Robinhood wallets collectively hold roughly a third of Dogecoin's total circulating supply. While it's possible that a single individual controls the largest Dogecoin wallet, it's unlikely. There was speculation that Elon Musk, a known DOGE holder, might be behind the biggest wallet due to the timing of his social media posts. However, the exact number of tokens Musk owns remains unclear. After a significant rally in the fourth quarter of 2021, DOGE's price has largely remained stable, currently trading at $0.316.
DOGE Robinhood Meme Coin Elon Musk Price Stagnation
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dogecoin (DOGE) Long Traders Stunned as Liquidation Hits $11 MillionDogecoin remains stress tested as volatility fuels fresh liquidations
Read more »
Why Wordle Remains a Popular Puzzle GameWordle's enduring popularity stems from its simplicity, shareability, and daily challenges. Linguistics expert Noël Wolf highlights how the game's accessibility, social connections, and sense of achievement contribute to its appeal.
Read more »
Remote Work Remains Popular Despite Push for In-Office ReturnElon Musk and Vivek Ramaswamy aim to end remote work in the federal government, but the private sector is likely to maintain flexible arrangements due to their profitability.
Read more »
TikTok Ban Remains Popular on Eve of Crucial Supreme Court HearingA new poll found that a plurality of Americans support a law that could ban TikTok later in January.
Read more »
Save $200 on the popular popular Dyson V7 Advanced Cordless Vacuum Cleaner at WalmartWalmart has just dropped a new set of flash deals and rollbacks on their site, including several deals on best-selling cordless Dyson vacuums and air purifiers.
Read more »
Popular Science's Most Popular Stories of 2024Popular Science highlights its top 22 stories of 2024, ranging from DIY home tips to scientific discoveries. The article features excerpts from two popular stories: 'Why can’t we just launch all of Earth’s garbage into the sun?' and 'Nature wasn’t healing: What really happened with wildlife during pandemic lockdowns.'
Read more »