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Robinhood Relists Solana, XRP & ADA, Price To Rally?

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Robinhood has relisted Solana (SOL), Cardano (ADA), and Ripple (XRP) on its US platform and added PEPE to its offerings. This move follows significant customer dissatisfaction after the removal of SOL earlier this year when the SEC classified it as a security.

The decision appears driven by customer demand and missed opportunities. Many users sought alternatives to trading these popular coins, leading to potential profits lost for customers and reduced revenue for Robinhood. By expanding its listings, Robinhood aims to regain its competitive edge and address gaps in its cryptocurrency offerings.

However, it seems that this move just helped, already rapid growth of these altcoins prices. XRP jumped over 9%, while SOL grew by stable 1.29%. Pepe on the other hand, recorded enormous 49% rally.

Robinhood Relists SOL, ADA, XRP, and Adds PEPE Amid Customer Demand

Solana, Pepe, Cardano, and XRP have been listed on Robinhood Crypto in the United States, bringing the number of cryptocurrencies offered to 19. The move reflects the platform’s growing response to customers asking for more variety in digital assets.

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, said this decision is in line with the company’s mission of making financial systems more inclusive. Kerbrat noted that barriers to entry are lower in the crypto market, adding that this may be an opportunity for those who have been excluded from more traditional channels of finance.

The additions come amid increased scrutiny over cryptocurrency listings, with regulatory actions earlier this year. Previously, Robinhood had delisted some assets, including SOL, after the SEC classified the token as a security. The return of SOL and the addition of PEPE, amongst other popular assets, signals a move toward accommodating market demand while finding one’s way through regulatory challenges.

Robinhood claimed that its crypto listing committee continuously monitors these assets to ensure compliance with the platform’s internal policies and requirements. The company has underlined its “safety-first approach” in expanding its offering, underlining its commitment to meeting customer expectations while adhering to the best-in-class standards in the industry.

Users can look at the complete list of cryptocurrencies on the platform by visiting the official website.

XRP, PEPE Price Rally Goes On

XRP is on the verge of breaking out from a strong weekly bullish flag, indicating the end of its re-accumulation phase. This bullish pattern has shown solid momentum, setting the stage for significant price growth. Key targets to watch include $0.9650, $1.3510, and $1.9336. As $XRP moves toward these levels, now may be the time to closely monitor the market, as this rally could be one to remember.

PEPE is experiencing a bullish spike with a 61% price increase, breaking above key levels and heading towards new highs after crossing the 0.00001995 threshold.

Expanding Crypto Services in Europe Amid Relisting Push

Robinhood, the retail investing platform, announced last month that it would allow European customers to transfer cryptocurrencies in and out of its app. The decision expands the platform’s product capabilities in the region as it seeks international expansion.

In a blog post, Robinhood said EU customers could deposit and withdraw more than 20 digital currencies, including Bitcoin, Ethereum, Solana, and USD Coin. The move appears to be another bold stroke in the company’s plans to meet European demand for crypto services.

The announcement comes at the end of a challenging year for Robinhood’s crypto operations. In June 2023, the firm delisted Cardano ADA, Solana SOL, and Polygon MATIC after the SEC labeled the three tokens as securities in its lawsuits against Binance and Coinbase. However, during its recent earnings call, CEO Vlad Tenev discussed some conditions that might make way for their relisting, which was the first sign of caution yet optimism driven by rising cryptocurrency prices.

The move reflects Robinhood’s efforts to revive its crypto offerings amidst a hostile regulatory environment influenced by global market forces.

 

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Teuta Franjkovic

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries.

Starting her career in 2005 as a lifestyle writer for Cosmopolitan, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg.

Influenced by figures like Don and Alex Tapscott and Laura Shin, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions.

Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Launchpool To List Usual (USUAL) With Pre-Market Trading

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Binance Launchpool has recently announced the listing of Usual (USUAL) on its platform, sparking market optimism. The launch of the listing will offer users an opportunity to farm the tokens. The exchange will begin the farming process, allowing users to lock their BNB and FDUSD to earn USUAL rewards.

Binance Launchpool to Feature USUAL

Binance Launchpool has announced that it will list USUAL starting November 14. This announcement marks the launch of Usual, a decentralized fiat-backed stablecoin, with pre-market trading to begin on November 19. The exchange users can lock their BNB and FDUSD to farm USUAL tokens, receiving rewards over four days.

The USUAL token will be paired with USDT for pre-market trading, allowing users to trade the token once the pair goes live. The farming of USUAL tokens will begin as users participate in Binance’s Launchpool offering.

Each user will have a maximum holding limit of 40,000 USUAL tokens, with a total token supply of 4 billion USUAL. Of that, 300 million tokens 7.5% will be allocated for Launchpool rewards. This initiative is a significant step in expanding the exchange’s role in the decentralized finance (DeFi) space.

However, users from certain countries, such as the United States, Canada, Japan, and North Korea, will not be eligible to participate. Binance has stated that KYC verification is required for those looking to farm USUAL tokens.

BNB Ecosystem And Market Performance

The listing of Usual on Binance Launchpool marks a new chapter in the DeFi space, offering a decentralized fiat-backed stablecoin. This launch comes at a time when meme tokens like ACT and PNUT have witnessed impressive price surges after their listings, indicating strong market interest in new projects.

BNB Price is currently trading at $634, with a 24-hour low of $605 and a high of $659. The coin has seen a 5% increase in the past 24 hours, a 6.8% rise over the last week, and a 7.6% gain in the last month.Its 24-hour trading volume stands at $3.7 billion, demonstrating robust demand.

The global crypto market is experiencing a bullish trend. Additionally, the recent US election victory by Donald Trump has sparked optimism among Bitcoin supporters. Binance founder CZ’s new initiative, Giggle Academy, is also gaining attention. The project aims to educate users in key target countries.

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Coingape Staff

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.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Expands Offerings For ACT, PNUT, NEIRO Sparking Optimism, What’s Next?

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In an effort to further uplift market sentiment, leading crypto exchange Binance announced on Thursday that it is expanding offerings for three tokens. The crypto exchange revealed that it is listing new pairs for The AI Prophecy (ACT), Peanut The Squirrel (PNUT), and First NEIRO on Ethereum tokens, sparking investor curiosity. Meanwhile, the listed coins’ prices soared 3%-32%, signaling that the broader market reacted positively to the listings announcement.

Binance Lists ACT, PNUT, & NEIRO Echoing Market Optimism

According to an official Binance announcement dated November 14, the crypto exchange is expanding offerings for the aforementioned tokens starting November 15 at 08:00 UTC. Per the listing announcement, the exchange is adding The AI Prophecy in FDUSD and USDC trading pairs. Further, the crypto exchange is also adding NEIRO in the USDC trading pair.

Simultaneously, the crypto exchange’s announcement revealed that Peanut The Squirrel will be added to the spot trading platform in BTC, FDUSD, and USDC trading pairs on the same date and time. Also, the leading crypto exchange highlighted that it will enable spot Algo Orders for ACT in FDUSD and USDC pairs, NEIRO/USDC, and PNUT in BTC, FDUSD, and USDC pairs. Overall, the announcement reverberated substantial market optimism over the listed coins’ price movement amid a bullish crypto market.

How’s The Current Market Sentiment For Listed Coins?

At the time of reporting, NEIRO price soared 3% over the past day and is now trading at $0.002479. The coin’s intraday low and high were $0.002285 and $0.002749, respectively.

NEIRO priceNEIRO price
NEIRO price

Simultaneously, The AI Prophecy price gained 9% intraday to rest at $0.7519. Its 24-hour low and peak were $0.542 and $0.942, respectively.

ACT price amid Binance listingACT price amid Binance listing
ACT price

Additionally, Peanut The Squirrel price witnessed gains worth 32% over the past day to rest at $1.88. The token’s intraday low and high were $1.28 and $2.47, respectively.

PNUT price amid Binance listingPNUT price amid Binance listing
PNUT price

Overall, the bullish price trajectories fall in line with Binance’s listing announcement. Notably, CoinGape Media previously reported ACT price to have soared 1300% and PNUT 250% in light of the same exchange’s previous spot listings and Elon Musk’s X post, which has fueled market speculation.

Meanwhile, NEIRO price witnessed a whopping 115% surge with its listing on major exchanges. Altogether, these past chronicles underscore the listed tokens’ potential to offer further gains in the market.

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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.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Litecoin Says It “Now Identify As a Memecoin”, LTC Price Spikes 15%

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Litecoin is likely showing interest in joining the meme coin sector following the recent market frenzy, as per a post that says “I now identify as a memecoin” due to current market condition. Dogecoin reacted and welcomed the move and asked fans to suggest a mascot. Traders responded immediately to the posts, triggering a 15% upside move in LTC price.

Litecoin Now Joining the Meme Coin Space?

Litecoin, a decentralized peer-to-peer crypto inspired by Bitcoin, triggered a massive discussion on the X platform on November 14. The post said, “Due to current market conditions I now identify as a memecoin.”

This sparked discussion and speculation in the crypto community, with many suggesting how the transition will take effect. Other top meme coins such as Dogecoin welcomed this proposal by Litecoin. It recommends promoting Litecoin’s move with a “chibi mascot.”

 

One of the users took a jibe stating, “You were always a meme coin”. Litecoin responded that it a “lifestyle choice at the moment. Probably just a phase.” Also, Litecoin mocked Ethereum and Solana as the crypto community hopes these projects can also tweet something like this.

Will LTC Price Breach $100 Soon?

The entire meme coin sector has turned into a frenzy following PEPE Coin listing on Coinbase, Robinhood, and Upbit exchanges on Tuesday. Along with the 83% gains in PEPE price in the last 24 hours, Dogecoin (DOGE), dogwifthat (WIF), and Bonk (BONK) have also rallied another 25% each. Well, looking at this massive crowd attention, Litecoin seems tempted to join the meme coin camp.

LTC price jumped 15% in the past 24 hours, with the price currently trading at $82.25. The 24-hour low and high are $72.70 and $84.35, respectively. Furthermore, the trading volume has increased by 33% in the last 24 hours, indicating a rise in interest among traders.

As per CoinGape analysis, Litecoin price can jump to hit $100 with golden cross pattern formation and the meme coin hype.

As per the data from IntoTheBlock, the balance held by short-term LTC holders has surged by 31% over the past month, signaling a notable trend shift. Such accumulation by short-term holders often aligns with market bottoms or precedes significant price rallies.

Source: IntoTheBlock

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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