The famous crypto currency Dogecoin (DOGE), born as an internet joke, can now be accessed from 1,800 ATMs in the USA.
Coinflip, the leading Bitcoin ATM provider, announced on March 1 that Dogecoin will be backed. The company’s co-founder and CEO, Daniel Polotsky, said the move was taken because of DOGE’s “popularity and mass prevalence”.
The DOGE price jumped 25 percent after Tesla and SpaceX Founder Elon Musk shared a photo of the rocket going to the moon and wrote “Doge” in the comments on February 4.
— Elon Musk (@elonmusk) February 4, 2021
Second richest man in the world, two days later in a poll he made He asked if Dogecoin would be the currency of the future, and 71.3 percent of the 2.4 million respondents answered “Yes”.
Mark Cuban, owner of the NBA Dallas Mavericks team, who joined the debate on February 8, told Forbes that the interest in cryptocurrency “does not look bad” for the industry.
“While DOGE gives a better chance of winning compared to the lottery ticket, it also teaches the economics of supply and demand and promotes crypto assets to people.”
The price of cryptocurrency increased almost 200 percent in February from $ 0.03 to $ 0.09. DOGE has been consolidating around $ 0.05 since then.