Cryptocurrency news

DOGE gets an increase in support in over 45 US states



Dogecoin has made it easier for its users as it can be purchased in over 1800 ATMs at 45 of the total 50 US states. Americans can now buy the meme crypto Dogecoin (DOGE) at their own convenience.

Coinflip, the leading Bitcoin ATM provider officially announced its support for Dogecoin on Mar 1. He company’s CEO mentioned that it does not want to be left behind in the coin’s popularity and mass adoption.

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Dogecoin Soars

This year has been a good year for Dogecoin its main highlight being on Feb 4th when it rose by 25% in a matter of minutes when Elon Musk posted about Doge on Twitter. He continued to post about it for two days and added with a survey that suggested Dogecoin may be the future currency in the world. The survey had 2.4 million respondents of which over 70% were in agreement.

To cement the conversation further, on Feb 8th NBA Dallas Mavericks owner Mark Cuban told Forbes that the attention the meme coin is getting is a good indicator of the industry.

With Doge, you get a higher chance of winning that even lottery, while understanding better the economics of supply and demand. You will learn more about low-cost economics while still getting entertained.

Doge increased by 200% within the first two weeks of February from $0.03 to $0.09. From that time, the price has consolidated at $0.05.

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Why the rise?

There is a rumor that the Dogecoin price surge was just a pump-up scheme from Reddit group/WallStreetBets and that it was not really organic. There was up to 85% price pump which is a significant amount. On Fe 1, Gene Simmons, Kiss front man indicated on twitter that he intends to buy crypto making the price instantly increase by 40% in just a day.

Since Coinflip is meeting the increasing demand for crypto, it has experienced an explosive growth in the last one year. Since the beginning of January 2020, its ATM count has increased from 441 to 1800, and attained a triple of its revenue. It is just a matter of time that the ATMs are in all the 50 states of the country. Apart from Doge, the ATM also supports BTC, ETH, USDC, Dash, BNB, Link and XLM.

Image by Aranami from Flickr.



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