Crypto Mania Sends Doge Soaring, Crashes Robinhood Token Trading
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Crypto mania sends Doge soaring, crashes Robinhood token trading
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Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging as much as 50% again and crashing Robinhood’s trading app.
Other so-called altcoins also took off, with Dash spiking as much as 14% and Ethereum Classic jumping more than 30%. In the world of DeFi, tokens such as Force DAO and Tierion surged more than 1,000% on Tuesday, according to CoinMarketCap.com data. Meanwhile, Robinhood said it resolved earlier issues with crypto trading on its platform.
“You have money looking for a home and this is one of those areas of the market where there is speculation happening, there is significant appreciation happening in a short period of time,” Chad Oviatt, director of investment management at Huntington Private Bank. “You get that excitement there.”
Altcoins at forefront of cryptocurrency mania Digital tokens, especially the gimmicky dogecoin, prove animal spirits are alive and well 04 May 2021 - 18:40 Vildana Hajric and Claire Ballentine Picture: REUTERS/DADO RUVIC
New York Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending dogecoin surging as much as 50% again and crashing Robinhood’s trading app.
Other alternative coins (altcoins) also took off, with cryptocurrency dash spiking as much as 14% and Ethereum Classic’s ether jumping more than 30%. In the world of decentralised finance (DeFi), digital tokens such as force DAO and tierion surged more than 1,000% on Tuesday, according to CoinMarketCap data.