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Amid the memestock fervor in the first half of 2021, which briefly boosted Robinhood’s revenue to all-time highs, traders flocked to the online brokerage to buy and sell Dogecoin.
Close-up of person's hand holding smartphone with the Robinhood investment app showing a chart and current price for the cryptocurrency Dogecoin, Lafayette, California, September 15, 2021.
In contrast, Robinhood is a trading app that allows users to buy and sell stocks, ETFs, options and some types of crypto for no out-of-pocket cost. Both companies have faced scrutiny from ...
Image source: Getty Images. Dogecoin could reach $1, but it probably won't stay there. Dogecoin's post-election rally recently stalled at $0.47, which is still way below its record high from 2021.
Bitcoin is up 120% year to date, but Dogecoin (CRYPTO: DOGE) is the standout performer with a gain of 375%. Dogecoin currently trades at $0.44 per token, but some crypto analysts think it could ...
Dogecoin currently has a market cap of $18.5 billion, but that figure would need to soar to $154 billion (assuming its supply remains constant) for its price to hit $1.