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DOGECOIN HOLDERS GET THE BIGGEST GIFT FROM ROBINHOOD YET! | DOGECOIN NEWS - YouTube
Channel: Crypto Fire
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the most bullish news for dogecoin in
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weeks just came from robin hood
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and i think some other channels are
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taking it the wrong way
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so this is what we'll discuss in today's
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video
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hello guys and welcome back to crypto
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fire where we talk about dogecoin
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cryptocurrency and investing before we
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go any further
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please keep in mind that we're giving
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away a hundred dollars to a random
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subscriber
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all you have to do is like the video
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subscribe
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and leave a comment on your favorite
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cryptocurrency read our description for
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more info about it
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now let's get started with today's video
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so this is the big news from today it
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says that robin hood owns the largest
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dogecoin address and third largest ptc
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wallet
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it says that robinhood's btc holdings
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are even greater than that of
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microstrategy
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which is crazy if you think about it now
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there were speculations about this
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before as well
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if you remember people thought it's elon
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who owns the largest wallet
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but elon said that it's probably robin
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hood then robin hood's ceo said that
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it's not them
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then elon basically confirmed that he
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can't be the largest dogewing holder
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when he said that he owns only a small
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amount of doge
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and now this report suggests that it's
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robinhood
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now i'll tell you why i think this is
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the most bullish news for dogecoin in
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weeks
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but first let's talk about the new proof
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behind this claim
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it says that the third biggest btc
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address holds 113
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kbtc and it started accumulating in
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february
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2019 coincidentally the biggest dogecoin
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address
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started accumulating at the same time as
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this bitcoin address
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now we probably will never know if it's
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robin hood or not
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but if it is then this is why it's super
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bullish for dogecoin
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we know that robin hood's success is
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heavily reliant on dogecoin's
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price they recently announced that most
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of their crypto trading revenue came
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from dogecoin
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and then they cautioned their investors
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that robin hood might suffer a loss
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because dogecoin's trading volume and
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price is falling
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now we know that dogecoin whales have a
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huge power over what happens to dojoin
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when whales decide to sell a lot of doge
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the price plummets
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this creates a ripple effect and throws
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out the retail investors with paper
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hands
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this in turn makes it drop even more
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with robinhood being the biggest
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dogecoin wallet we can be sure that 27
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of all dogecoin in circulation will
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never be sold
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and this is because of the reasons i
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just mentioned it matters a lot to robin
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hood that dogecoin succeeds
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and so they'll protect it from the
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ripple effect and massive sellout that i
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just talked about
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i know that other channels are probably
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telling you that it's a bad thing
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but if you put everything together this
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might be the most bullish news that's
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come for dogecoin in weeks
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now let's move on to some more
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interesting news about crypto and dojoin
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from today
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the first meal in minnesota was
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purchased with dogecoin
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look at this it happened on 28 july
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it shows that it took him a while to
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process this transaction
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but still i'm really happy that the doge
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fever is reaching minnesota
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as well moving on we should talk a bit
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more about robin hood
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it looks like its ipo wasn't a huge
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success like they expected it to be
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it says that robinhood shares suffered a
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lackluster performance on thursday
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sinking dramatically in a market debut
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that indicated flat investor demand
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by the end of the new york session hood
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closed 8.4 percent lower
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having earlier sunk by as much as 12
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percent
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but as you can see it talks about
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thursday
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right now it looks like robin hood might
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just recover soon especially if we
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believe the theory that its success is
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heavily reliant on dogejoin
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this is because we can see dogecoin
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recover too it's currently trading at
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around 21 cents and is back in the green
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again
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and even the trading volume for dogecoin
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is looking really good again
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now let's talk about some more
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interesting news that came out recently
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according to the ceo of paypal the
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company's first prototype of its super
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app wallet is code complete
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he also said that the wallet would be
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fully functioning in the united states
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over the next few months
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and this is really bullish because the
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super app wallet will have high yield
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savings
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early access to direct deposit funds and
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additional crypto
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capabilities it also says that each
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wallet will be unique
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powered by advanced ai and machine
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learning capabilities
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now this is going to boost the already
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high crypto adoption via paypal
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venmo which is a pay pal owned firm that
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helps people trade crypto
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had about 58 billion dollars in total
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payment volume in the second quarter of
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2021
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and with this news the number is going
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to increase a lot from here
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now let's look at some news for dogecoin
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that's spreading serious fud in the
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market
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this one talks about the five reasons
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every investor should avoid dogecoin
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it lists these reasons as dogecoin is
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pure speculation
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it's a laughable business plan and use
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case high volatility prices
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developers will not bother about it and
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it's a hustle and a bubble
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so as you can see this article is trying
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to spread fud in the market
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and sadly many dogewoin holders are
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buying into it
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articles like this completely disregard
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the fact that there's simply too much
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going on for dogecoin right now
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developers are constantly working to
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ensure that dogecoin gets better every
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day
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with the new update its transaction fees
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are also going to drop 100 times
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and after that we'll see more and more
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brands except dojoin
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and then there's the new ethereum bridge
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that is going to help you stake your
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dojoin to earn passive profits
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and there's more on the cards like
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quicker transactions
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and it's low price which could help it
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make the currency of both earth and mars
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so i just feel that these articles
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aren't presenting the complete picture
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and we need to be aware of that now
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let's talk about some more interesting
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news from today
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the kazakhstan government is rumored to
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be considering legalizing bank accounts
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for bitcoin transactions
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this means that several kazakhstani
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banks will soon be able to provide
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bitcoin exposure to the big players in
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their country
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and again this will bring more money
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into the market
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and then there's ghana which also might
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be looking to accept crypto as legal
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tender
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it says that the vice president of ghana
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believes that digital currencies must be
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adopted by african countries in order to
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encourage trade throughout the continent
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he claimed that african countries trade
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needs a single central payment method
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currently moving goods across african
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borders is costly and time consuming
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and so the vice president believes that
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a digital payment system would solve
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these problems
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perhaps this implies that it'll become
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the second country to accept crypto
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and this sounds really promising before
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we move on
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i'd like to remind you that i'm not a
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financial advisor and this isn't
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financial advice
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so you should definitely do proper
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research before investing
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anything into crypto let's take a look
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at crypto fear
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and greed index for a minute so we
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finally moved on to greed
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and this is the very first time it has
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happened since 11
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may and if you remember that was around
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the time btc
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started dropping after reaching its
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all-time high and that was also the time
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dogecoin started dropping just three
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days before this
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dogecoin stood at its all-time high of
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72 cents
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and when it happened the crypto fear and
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greed index dropped too
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the point is that now that we're back to
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greed again and btc
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is back to 41k things are looking super
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bullish for the entire crypto market
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so this is for everyone who's been
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telling us to not talk about bitcoin
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we've received comments that tell us to
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only talk about dogecoin and its price
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but as i've said time and again it's all
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connected
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when btc falls dogecoin falls too
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when btc looks bullish dojoin rises up
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too
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and this happens 80 percent of the time
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and because of all this
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i'm really optimistic about where
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dogecoin is headed from here
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and with that we've come to the end of
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this video
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thanks for watching till the end if you
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enjoyed it please consider
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liking and sharing it with your friends
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if you have any questions or suggestions
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please leave them in the comment section
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goodbye take care
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