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HomeCrypto NewsMarketDogecoin Marketcap Surpasses Southwest Airlines And Rumors Arise Robinhood’s Restricting Dogecoin Trading

Dogecoin Marketcap Surpasses Southwest Airlines And Rumors Arise Robinhood’s Restricting Dogecoin Trading

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The market capitalization of the  Dogecoin (DOGE) which rose more than 300% this week surpass Southwest Airlines, the world’s largest low-cost carrier airline.


Dogecoin reached a new all-time high of $ 0298 at 2: 35 a.m. Universal Time Coordinated (UTC) on the Binance exchange, and its market capitalization exceeded $39 billion.

The cryptocurrency inspired by the Internet meme “Doge” remains significantly larger than Litecoin (LTC) and Uniswap (UNI), firmly holding the eighth place on CoinMarketCap.

The monster’s latest move was prompted by another tweet from Tesla CEO Elon Musk.

 

The WallStreetBets Reddit group, which temporarily lifted the ban on discussing Dogecoin could also contribute to the resurgence of Dogecoin.

DOGE grew by more than 5,000 percent in 2021, dwarfing Bitcoin’s seemingly impressive gains over the same time period.

Rumors Arise As Robinhood’s Restricting Dogecoin Trading

The popular cryptocurrency and stock trading platform Robinhood has found itself at the center of controversy.

There are rumors on social media that Robinhood is restricting Dogecoin (DOGE) trading on its platform just as it did with GameStop (NSE: GME) earlier this year in January 2021.

However, Robinhood clarified in a tweet:

 

Social media rumors began to spread when Dogecoin (DOGE) investors failed to cash out from their Robinhood trading accounts. As most users were willing to lock in profits as DOGE surged more than 250% in just the last three days.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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