With the "Doge Father", Elon Musk going on Saturday Night Live, platforms have been fighting their way to enable Doge Coin Trading. The flood gates have opened and no more Robinhood charging you more than what other platforms are charging and setting the price of DOGE higher! In comes, eToro and KuCoin!
Doge coin has made it to eToro. Good thing/Bad Thing? The Volatile “meme” coin is gaining wild airtime. Rather it is on the TV or the 1 billion people making videos about “DOGE, even some live streams that are going 24/7 watching doge coin on Robinhood. Which by the way trades at a much higher price than other platforms?
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With the popularity gaining all over the world, popular platforms like KuCoin and now Etoro are getting in the game for a piece of the action. At time of this writing Doge coin was trading at $0.55 on KuCoin, $.5781 on Etoro, and probably the most traded app Robinhood is trading at $0.58755. Robinhood being the biggest trader of the meme coin since it was at micro pennies. Makes you wonder who owns the most DOGE? It would make sense if Robinhood was actually using the money to buy dogecoin on your behalf, they would be the biggest TRADERS of the coin, not Hodler’s. lol.. On Robinhood, you don’t own the keys, you don’t own the Dogecoin or address. You can’t send it anywhere unlike you can with KuCoin (my favorite next if you can’t access Binance). KuCoin even let’s you trade DOGE Coin Future marginal 20x Contracts. (NOT RECOMMENDED for Newbies.. Be Careful when trading Futures and never use Margins!! NEVER!!!! Also I am not a professional trader, investor or advisor. Trade at your own risk in this HIGHLY Volatile environment that trades with no news or reason.
If you are a big time Dogecoin lover, want to trade it, buy it, sell it, Hodl it. You might want to explore other platforms where you can do limit orders and not have to stay up 25/7 watching Robinhood trade it a higher price. You can transfer your Doge to Hard Storage wallets, store your coins in a protected way. That goes for all crypto, be sure you don’t have all your eggs in one basket. Let’s say if you trade only on RH, but RobinHood goes down Webull shuts down because of heavy trading, you will miss out on huge gains and/or losses. I would keep some of your Doge on a few of these platforms, not just for safety but for arbitrage. Where you can buy cheaper on one platform, sell it higher on a limit price. RH does charge a fee per Crypto trade in case you didn’t know. I tried to buy Doge the other day, and RH wouldn’t let me and Webull was stuck.
TO THE MOON!!
XoX
Lilly Lane
https://www.newnormaldepot.com/
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