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Dogecoin Jumps 50% as Crypto Animal Spirits Kick Into High Gear


May 05 2021, 10:10 AM
May 04 2021, 7:37 PM
May 05 2021, 10:10 AM
(Bloomberg)
(Bloomberg)
Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging more than 50% again and crashing Robinhood’s trading app.
Other so-called altcoins also took off, with Dash spiking 35% over a 24-hour period through midday in Asia Wednesday and Ethereum Classic rising almost 50%. 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,” said Chad Oviatt, director of investment management at Huntington Private Bank. “You get that excitement there.” ....

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Dogecoin Values Surges as Much as 50 Percent as Crypto Mania Continues


Dogecoin Values Surges as Much as 50 Percent as Crypto Mania Continues
A sign of Dogecoin’s rising popularity - Robinhood app is among the top 10 downloads at the Apple App Store.
By Vildana Hajric and Claire Ballentine, Bloomberg | Updated: 5 May 2021 11:37 IST
Dogecoin’s red-hot advance from around 0.002 cents a year ago captured interest of many on Wall Street
Highlights
Coinbase Global, largest US crypto exchange, doesn t offer Doge trading
Bitcoin slumped as much as 5.7 percent to $53,560 (roughly s. 39.5 lakhs)
Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging as much as 50 percent again and crashing Robinhood s trading app. ....

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