Mobile trading app Robinhood made headlines again for allegedly restricting Dogecoin trading on its platform amid the price surge, but the company denied these allegations.
The rumors that the mobile commerce app is restricting DOGE trading was first raised by a Twitter user (Breaking911) tweet. However, in response to the allegations, from Robinhood’s official account: “No, we did not impose restrictions on DOGE trading. This is false information. ” It was argued that there was no such restriction by making a statement.
Dogecoin has surged over 100% in the past 24 hours today and registered a new ATH of $ 0.2917, according to data from CoinMarketCap. The enormous increase in price also helped the joke coin rise in the top 10 cryptocurrency rankings by market capitalization.
Dogecoin’s latest bullish wave recorded a few months ago was also caused by controversy around the Robinhood trading application. However, the last fluctuation is said to be sourced from retail. DOGE has a wide fan base, from Elon Musk to Mark Cuban. Mark Cuban, the owner of the Dallas Mavericks, recently added a DOGE payment option for the NBA team’s purchases.
DOGE’s Last Bull Run Creates New Millionaires
Many TikTok stars and startups interested in cryptocurrencies have bought tons of Dogecoins, as Elon Musk and an entire GameStop saga are enthusiastically supportive of DOGE. Most of these buyers had bought the cryptocurrency for under $ 0.08. And that is why their assets tripled, or almost quadrupled, in value. This resulted in a large number of new Dogecoin millionaires. A DOGE millionaire who went through this process posted the following official on the DOGE subreddit.
According to CoinMarketCap data, the Dogecoin post update clock is trading at $ 0.31!