Robinhood Gambles On Cardano As Trading Giant Lists Popular Crypto Coin

Robinhood Gambles On Cardano As Trading Giant Lists Popular Crypto Coin

Here at Prepaid Gambling Dot Net, we advocate using easy digital payment methods when betting online. These are the most common banking options at the top sites, and they give you the best values across the board.

Of course, the most valuable of all prepaid payment methods for online gambling is cryptocurrency. We’ve made no secret about our love for crypto gambling of all kinds, and we’ve often discussed the best cryptos to use for online betting.

However, the crypto coins you use for one deposit might not be the best banking option the next time you move to top up your account. This depends a lot on the actual crypto price for the given asset, the current market trends, and so on.

And depending on whether you’re participating primarily in prepaid online casino gambling, prepaid online sports betting, or prepaid online poker, your best crypto bets might be even more varied still.

All that said, we’ve found that – more often than not – the top few choices tend to remain the same. In general, you should only use those crypto coins for betting online that you already hold or regularly trade.

If you’re going to buy specific cryptos to bet over the Internet, though, we tend to favor either Bitcoin or Ethereum (since they’re always the number-one and number-two crypto assets, respectively), or new third-generation proof-of-stake (PoS) coins like Avalanche, Solana, and Cardano.

Right now, the crypto market as a whole is somewhat down. It’s not at the absolute nadir like it was at the height (depth?) of the most recent crypto crash, but it’s low enough that any coin currently has an appropriate and compelling “buy it now” price.

In other words, if you don’t own any crypto – or if you simply want to buy a bunch more of the stuff – now’s the time to act.

Specifically, though, now’s the time to buy Cardano (ADA).

Cardano is already the most popular – and, thanks to its popularity, the most controversial – PoS cryptocurrency on the market.

It is consistently in the top 10 cryptos by market cap, and it’s currently trading at an attractive $0.46. (The Cardano ADA all-time high is north of $3.09, which it reached in mid-2021, so there’s plenty of room to grow.)

With Cardano about to undergo a much-anticipated hard fork to the anticipated Vasil era, today’s big news is that ADA coins are now tradeable on the Robinhood platform.

Per the BeInCrypto blog, this news hasn’t moved the needle on the ADA price too much. At least, not yet:

“In spite of the newfound inclusion of crypto, the market seemed relatively unenthused in its reaction. During a minor surge in trading volume triggered by the announcement earlier this afternoon, ADA managed to rise from $0.448 to as high as $0.462, but has already traded back down to around $0.45.”

Of course, this doesn’t mean there won’t be a small price surge in the immediate future.

Unlike the stock market, the crypto market doesn’t always react immediately to big news like this. It sometimes takes a few days or even a few weeks for enough casual investors, traders, and new users to get on the bandwagon.

We fully expect the price of Cardano to go up in the next few days.

And that, naturally, means that you should probably go ahead and buy in ASAP if you want to take advantage of any near-term ADA gains. This is true for both online gamblers and crypto gamblers, and it’s something we strongly recommend.

So buy some Cardano and let us know how you did.

Meanwhile, stay tuned to see how we did.

Comments are closed.