Report said that Dogecoin (DOGE), the famous meme crypto, can now be accessed through 1,800 ATMs across the United States.
It has been reported that leading Bitcoin ATM provider Coinflip announced the support for Dogecoin on March 1, with the company’s CEO and co-founder, Daniel Polotsky, attributing the move to DOGE’s recent “popularity and recent mass adoption.”
However, on February 4, the cryptocurrency’s price rose 25% within minutes after Tesla and SpaceX founder Elon Musk posted a rocket going to the moon and adding “Doge” in the comments.
#Dogecoin, the meme-coin that has recently enjoyed support @elonmusk and @mcuban, can now be purchased across 1,800 ATMs in the U.S. @mappopk_crypto reports https://t.co/JI1HvPmlg9 — Cointelegraph (@Cointelegraph) March 2, 2021
The report said two days later, Musk continued his Doge shill by posting a survey that asked if Dogecoin will be the earth’s future currency, to which 71.3% of the 2.4 million respondents said yes.
The future currency of Earth — Elon Musk (@elonmusk) February 6, 2021
Mark Cuban, the owner of NBA Dallas Mavericks, joined the conversation on February 8, telling Forbes that the attention the meme coin is receiving is “not a bad look” for the industry.
He added:
“[DOGE] gives you a better chance of winning than a lottery ticket all while teaching the economics of supply and demand and introducing people to crypto asserts. I truly love it as the lowest cost economics teaching tool available that entertains at the same time.”
As per the sources, within the first two weeks of February, the cryptocurrency’s price rose almost 200% from $0.03 to just shy of $0.09. Since then it has slowly consolidated near $0.05.
On February 1, Kiss frontman Gene Simmons told Twitter users that he will buy the crypto among others, resulting in an additional 40% price surge over a 24 hour period.
Likewise, Coinflip has seen astronomical growth in demand over the last 12 months, with revenue more than tripling year-on-year as the firm increased its ATM count from 441 to roughly 1,800 since January 2020. Coinflip ATMs are installed in 45 of the United States’ 50 states.
Thus, the firm’s ATMs also support BTC, ETH, BNB, DASH, LTC, LINK, USDC, and XLM.
Source: Cointelegraph | Image: Freepik