The post Robinhood Crypto Again Supports Dogecoin Transfers appeared on BitcoinEthereumNews.com.

Robinhood Crypto now supports Dogecoin (DOGE) token transfers. Users can now withdraw and deposit their DOGE and earn a 1% deposit bonus on the official application until 30 November. Robinhood Crypto Now Supports Dogecoin Token Transfers with 1% Bonus! Starting today, Robinhood Crypto announced that users can deposit and withdraw Dogecoin ($DOGE) and earn a 1% deposit bonus through Nov. 30. Indeed, this launch is a big move, especially after the recent withdrawal wave triggered in May when the platform faced a Wells Notice from the US Securities and Exchange Commission. Investors took out tens of millions in DOGE during that period after the SEC signaled potential regulatory action against Robinhood’s crypto division. Robinhood Crypto now supports $DOGE token transfers! Withdraw & Deposit #DOGE and earn a 1% deposit bonus on the app until 30 November. Terms apply. Download the app: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/DYWoWaxITl — Robinhood Crypto EU (@RobinhoodCrypto) November 2, 2024 Accordingly, post-notice blockchain analysis from Bitcoinsensus then showed that  164 million DOGE-valued at $25 million was moved out of Robinhood, underlining investor caution. With the support for DOGE transfers turned back on, Robinhood Crypto now appears to be regaining momentum, putting forth attractive incentives for DOGE users to re-engage on the platform. This may signal the opening of a new chapter with Dogecoin in a more excellent regulatory environment. Is $10 DOGE Possible? Dogecoin, the meme-driven cryptocurrency, jumped slightly intraday to suggest a short-term bounce. The more recent price action shows increased buying momentum and consolidation near a significant support area,  fueling some optimism in the market. DOGE surges when crypto has witnessed considerable ups and downs during the week. For market speculators, if present developments persist,  the much-expected $1 will be easily achieved. Tony Severino, head of research at NewsBTC, recently broached Dogecoin’s chart, pointing to a bullish cross on the two-month Logarithmic Moving Average Convergence Divergence for the first time since 2021. From historical data, Severino believes a price increase of 8,628% is probable. It would shoot…

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Filed under: News - @ November 2, 2024 2:17 pm