Dogecoin (DOGE) Mania Has Returned, and THESE 4 Stocks Have Ways for You to Capitalize on the Action April 18, 2022 - Baystreet.ca A single whale just moved over $29 million worth of Dogecoin (DOGE), causing the value of the memecoin to climb higher. Another report showed other whales taking part, with another $3.9 million worth of DOGE in a single transaction. Now analysts are forecasting the price of DOGE to increase by 500% by 2024. For those who want to get their hands on the surging cryptocurrency, or who want to take part through equities, here now is a look at FOUR stocks with interests in the developing resurgence of DOGE-Mania: Robinhood Markets, Inc. (NASDAQ:HOOD), Coinbase Global, Inc. (NASDAQ:COIN), AMC Entertainment Holdings, Inc. (NYSE:AMC), and eBay Inc. (NASDAQ:EBAY). Robinhood Markets, Inc. (NASDAQ:HOOD) Robinhood appears to be solidly backing Dogecoin, having reportedly the stable amount worth $4.9 billion (as of March 18, 2022) in DOGE—a number that allegedly accounts for 31.7% of circulating Dogecoins. Through microtransactions that round up each transaction, users of Robinhood’s new card simply called “the Robinhood cash card” are being incentivized to invest their change into either stocks or cryptocurrencies—which would include DOGE. As per the company’s blog post announcement: “When customers invest in themselves, Robinhood Money will give them a bonus of 10-100% (capped at $10) on their weekly round-ups. As they spend, customers can choose to round-up their change to the nearest dollar and invest it in their choice of assets. The weekly bonus is our way to show our support for our customers’ investing goals.” Coinbase Global, Inc. (NASDAQ:COIN) Coinbase has been testing out a new subscription product that allows users to exchange digital assets without trading fees. According to CFO Alesia Haas, transaction revenues from trading fees historically made up the bulk of Coinbase’s revenue—generating $2.2 billion in transaction fees revenue in Q4 2021 alone. “We're taking steps to diversify this revenue and also grow our non-transaction revenue streams,” said Haas, during Coinbase’s Q4 earnings call. “We generated more than $500 million of subscription and services revenues this year, including $214 million in the fourth quarter. This was a 10x increase from 2020.” AMC Entertainment Holdings, Inc. (NYSE:AMC)AMC officially began accepting both Dogecoin and rival dog coin Shiba Inu as crypto payments at its theater chains. The largest movie exhibition company in the US, Europe and the world, AMC owns or operates approximately 950 theaters and 10,500 screens globally. Aron previously announced that AMC accepted four cryptocurrencies: bitcoin, bitcoin cash, litecoin, and ether. However, customers could only pay with those cryptocurrencies through their Paypal accounts. Since he put up a Twitter poll about dogecoin last September and a subsequent poll for Shiba Inu a month later, CEO Adam Aron has promised the crypto community that his company’s theaters will accept DOGE and SHIB payments. Aron also said in February that the crypto payment option will be live on the company’s mobile apps by April 16 or a few days earlier. eBay Inc. (NASDAQ:EBAY)Lastly, in the online marketplace that sells perhaps the widest range of goods on the internet (including NFTs), eBay might soon take crypto payments according to a report from The Street, which included an interview with CEO Jamie Iannone. As per the interview, eBay just completed its transition to manage payments, and they’re now managing $85 billion in volume on their platform directly. "This gives us the ability to open up new forms of payment,” said Iannone. "And so we continue to evaluate other forms of payments that we should take on the platform. We don't currently accept cryptocurrency on the platform."
Dogecoin (DOGE) Mania Has Returned, and THESE 4 Stocks Have Ways for You to Capitalize on the Action April 18, 2022 - Baystreet.ca A single whale just moved over $29 million worth of Dogecoin (DOGE), causing the value of the memecoin to climb higher. Another report showed other whales taking part, with another $3.9 million worth of DOGE in a single transaction. Now analysts are forecasting the price of DOGE to increase by 500% by 2024. For those who want to get their hands on the surging cryptocurrency, or who want to take part through equities, here now is a look at FOUR stocks with interests in the developing resurgence of DOGE-Mania: Robinhood Markets, Inc. (NASDAQ:HOOD), Coinbase Global, Inc. (NASDAQ:COIN), AMC Entertainment Holdings, Inc. (NYSE:AMC), and eBay Inc. (NASDAQ:EBAY). Robinhood Markets, Inc. (NASDAQ:HOOD) Robinhood appears to be solidly backing Dogecoin, having reportedly the stable amount worth $4.9 billion (as of March 18, 2022) in DOGE—a number that allegedly accounts for 31.7% of circulating Dogecoins. Through microtransactions that round up each transaction, users of Robinhood’s new card simply called “the Robinhood cash card” are being incentivized to invest their change into either stocks or cryptocurrencies—which would include DOGE. As per the company’s blog post announcement: “When customers invest in themselves, Robinhood Money will give them a bonus of 10-100% (capped at $10) on their weekly round-ups. As they spend, customers can choose to round-up their change to the nearest dollar and invest it in their choice of assets. The weekly bonus is our way to show our support for our customers’ investing goals.” Coinbase Global, Inc. (NASDAQ:COIN) Coinbase has been testing out a new subscription product that allows users to exchange digital assets without trading fees. According to CFO Alesia Haas, transaction revenues from trading fees historically made up the bulk of Coinbase’s revenue—generating $2.2 billion in transaction fees revenue in Q4 2021 alone. “We're taking steps to diversify this revenue and also grow our non-transaction revenue streams,” said Haas, during Coinbase’s Q4 earnings call. “We generated more than $500 million of subscription and services revenues this year, including $214 million in the fourth quarter. This was a 10x increase from 2020.” AMC Entertainment Holdings, Inc. (NYSE:AMC)AMC officially began accepting both Dogecoin and rival dog coin Shiba Inu as crypto payments at its theater chains. The largest movie exhibition company in the US, Europe and the world, AMC owns or operates approximately 950 theaters and 10,500 screens globally. Aron previously announced that AMC accepted four cryptocurrencies: bitcoin, bitcoin cash, litecoin, and ether. However, customers could only pay with those cryptocurrencies through their Paypal accounts. Since he put up a Twitter poll about dogecoin last September and a subsequent poll for Shiba Inu a month later, CEO Adam Aron has promised the crypto community that his company’s theaters will accept DOGE and SHIB payments. Aron also said in February that the crypto payment option will be live on the company’s mobile apps by April 16 or a few days earlier. eBay Inc. (NASDAQ:EBAY)Lastly, in the online marketplace that sells perhaps the widest range of goods on the internet (including NFTs), eBay might soon take crypto payments according to a report from The Street, which included an interview with CEO Jamie Iannone. As per the interview, eBay just completed its transition to manage payments, and they’re now managing $85 billion in volume on their platform directly. "This gives us the ability to open up new forms of payment,” said Iannone. "And so we continue to evaluate other forms of payments that we should take on the platform. We don't currently accept cryptocurrency on the platform."