- Robinhood Moo Deng and MEW add to the cryptocurrency trading platform to American customers.
- Moo Deng increased by 836 % in May, when he got an additional 21 % after the listing announcement.
- MEW has 52 % monthly gains with approximately 20 % after Robinhood.
Today, the Memecoin market has seen a batch when Robinhood revealed that it would add two Solana’s distinctive symbols to its platform. After announcing their lists, both Moo Deng and Cat in the world of dogs witnessed their high prices, indicating that institutions are still interested in encrypted currencies based on M.
Robinhood embraces the Memecoin commercial expansion
The RobinHood step to add Moo Deng and MEW means that it is now focusing more on the promotional memecoin sector. The trading platform slowly adds more cryptocurrencies, exceeding the strict rules that were present in 2023.
Moo Deng, which was inspired by the artistic river MEM in 2024, witnessed the market value grows to $ 230 million. The price of the distinctive symbol increased more than twice in May, and increased by another 21 % over the past 24 hours after Robinhood announced the support of the distinctive symbol.
During the Solana Memecoin in March 2024, MEW was launched and now built a market ceiling of $ 368 million. In May, the distinctive CAT symbol has increased by 52 % and increased again by almost 20 % in the previous day, indicating that coded coins of animal nature attract many investors.
The company has now added Dogecoin, after its launch for the month of November from Pepe Coin (PEPE), which maintained a large volume of trading. The platform now supports more than 20 encrypted currencies, a significant increase after removing several symbols earlier this year due to the uncertainty of SEC during the Gary Gensler.
This happens at a time when the government has become more open to encryption due to recent political changes.
Moo Deng on the artistic chart
Moo Deng’s technical plans indicate a rise in the ups of the bullish momentum as the distinctive symbol rises above important resistance points. according to CMC Data, at the time of writing this report, the Moo Deng price is $ 0.3074 and has risen more than 30 % in the past 24 hours. Moreover, he will face resistance at $ 0.3433 and support at $ 0.1716.
Technical indicators send mixed messages, read the oscillator of social feelings 0.2321, which is a positive sign of market morale. However, RSI indicates at 55.26 that the distinctive symbol is moving towards excessive peak levels, and MACD shows that the original can be integrated with the approach of MACD and signal lines to each other.
EMA 20/50/100/200 explains that the shortest averages are higher than long -term rates, indicating that the market may continue to rise in the short term.
The news of the encryption was highlighted today:
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