Will MOODENG Reach $0.1 and MEW Hit $0.002 After Robinhood Listing?

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Will MOODENG and MEW Skyrocket After Robinhood Listing?

Highlights

  • Robinhood listing boosts MOODENG and MEW trading volume significantly
  • MOODENG shows potential recovery if bullish momentum develops soon.
  • MEW could surge if it breaks resistance and maintains support.

Robinhood has taken a major step in diversifying its asset roster by adding two new tokens, MOODENG and MEW, to its trading platform. The announcement has stirred significant interest within the crypto community. 

Robinhood’s platform now includes these new and emerging digital assets that are part of its larger plan to draw in a more diverse user base. This decision indicates that the company is aiming to accommodate all types of investors, especially those who are keen in alternative tokens.

Robinhood Expands Offerings with MOODENG and MEW

The launch of MOODENG and MEW on Robinhood’s Legend platform has opened new doors for traders to engage with these meme coins built on Solana. 

This is a clear sign of Robinhood’s commitment to offering a wide range of assets to its customers, which in turn reflects its ongoing efforts to be a player in the competitive crypto market.

Will MOODENG and MEW Skyrocket After Robinhood Listing?
Source: Tweet

MOODENG and MEW Attract Attention After Listing

The assets MOODENG and MEW have both become more attractive to the investors as the speculations on their price movements have risen. Though both of them are still in the general crypto market bearish trend, they have proved their strength by getting back the important support zones

The MOODENG token has decreased by 4% in the last 24 hours, trading at $0.07706. However, there’s optimism, as the price could rise towards the $0.1 mark if bullish momentum kicks in following the Robinhood listing.

In a similar, the trading volume of MEW has increased by more than 30% in the last 24 hours. MEW continues to be in a bearish pattern, but there is a chance of a rally if it manages to overcome its resistance and go up.

Analysts point out that if the price stays above the current support levels. MEW price might get a huge boost in price and could even target $0.002 in the short run.

Although the entire crypto market is still in a bearish mood, it resulted in a 1.12% drop in the last 24 hours. The listing of MOODENG and MEW has brought a bit of light to these tokens.

Other major assets, including the price of Bitcoin and Ethereum (ETH), are also facing downward pressure. The BTC is hovering below $100,000, as the ETH is struggling to hold above $3,000.

Nonetheless, the amplified trading volume and a minor rebound in the case of both MOODENG and MEW signify that these tokens are not giving up easily despite the overall market decline. 

MOODENG and MEW Show Signs of Recovery

Both MOODENG and MEW cryptocurrencies are eyeing a short-term recovery at this time, despite the market’s larger bearish trends that still prevail. 

Their substantial trading activities and a potential upside correction have placed the two tokens on the radar of crypto fans who are widely speculating about the Robinhood listing being the main factor for the further growth of MOODENG and MEW.

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Frequently Asked Questions (FAQs)

1. What is Robinhood’s role in the listing of MOODENG and MEW?

Robinhood has added MOODENG and MEW to its Legend platform, expanding its cryptocurrency offerings to include these Solana-based meme tokens, increasing their accessibility to a broader audience.

2. What is the significance of MOODENG and MEW being listed on Robinhood?

The listing enhances the exposure of MOODENG and MEW to Robinhood’s extensive user base, which could potentially lead to increased trading volume and price movement.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.