Ansem: Robinhood Stock Price Nearing "Support Convergence," Poised for New High in Q4

BlockBeats News, September 3rd, Cryptocurrency KOL Ansem posted that TradFi (Traditional Finance) companies always experience a certain lag when adopting new crypto businesses because the suit-wearing executives often don't see the relevant data until very late. Ansem believes that Robinhood (HOOD) would be a good investment target here because its stock price has been bottoming out and converging, while the company is adding a significant new revenue stream through its Layer 2 blockchain business.

Robinhood's stock price is expected to hit a new all-time high in the fourth quarter, rising 50% from its current level.