DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
Retail crypto traders on Robinhood can now set up commission-free recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady stream of small buyers for the memecoin.
The firm announced the launch of the new feature on Sept. 8, and users are able to set up up recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. The minimum purchase amount is $1, with the firm is promoting the feature as a simple way to DCA into crypto markets without paying fees.
“If you place an order and spend $100 to buy Bitcoin, you’ll get $100 worth of Bitcoin. Period,” Robinhood stated.
According to the platform’s website, recurring crypto orders will usually be processed between 2:30 pm and 4:00 pm ET (6:30 pm to 8:00 pm UTC). Robinhood also states that users may receive less crypto than their set purchase amount during times of market volatility, however the difference will be refunded in fiat after the trade is completed.
Thhe service is currently unavailable to New York-based customers. Crypto-based retail trading has surged in popularity on the platform in 2021. According to Robinhood’s Q2 report, crypto trading services generated $233 million in the quarter and represented 41% of its total $565 million revenue. In comparison, the firm generated a total of $5 million in revenue from crypto trading for the entirety of 2020.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 87.6% | 9 | $37 728.33 | -0.28% | 1.52% | $737 856 932 993 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 77.6% | 36 | $2 038.68 | 0.16% | -0.93% | $245 131 600 170 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000220 | 0% | 0.01% | $89 301 326 887 |  |
|
| 4 |  BNB |
Binance Coin predictions | 85.6% | 28 | $227.46 | -0.15% | -1.99% | $34 505 061 094 |  |
|
| 5 |  XRP |
XRP predictions | 82.4% | 34 | $0.602825 | -0.99% | -2.49% | $32 485 422 695 |  |
|
| 6 |  SOL |
Solana predictions | 57.2% | 85 | $59.29 | -1.23% | 4.44% | $25 137 174 902 |  |
|
| 7 |  USDC |
USD Coin predictions | 94% | 1 | $0.999963 | 0% | -0.01% | $24 401 486 928 |  |
|
| 8 |  ADA |
Cardano predictions | 75.2% | 52 | $0.375998 | -2.65% | -1.88% | $13 274 525 826 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 76% | 43 | $0.083756 | 3.15% | 10.53% | $11 897 079 788 |  |
|
| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 83.2% | 23 | $0.103586 | -0.21% | 1.87% | $9 171 440 677 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 82% | 26 | $0.102132 | -0.99% | 0.74% | $9 042 876 827 |  |
|
| 13 |  TON |
Toncoin predictions | 79.6% | 29 | $2.41 | -0.17% | 0.51% | $8 280 016 543 |  |
|
| 14 |  LINK |
Chainlink predictions | 72% | 61 | $14.43 | -1.45% | -0.43% | $8 036 201 443 |  |
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| 15 |  AVAX |
Avalanche predictions | 58% | 89 | $21.02 | -0.56% | 1.31% | $7 673 673 520 |  |
