the popular Dogecoin cryptocurrency (DOGE) can now be accessed at 1,800 ATMs across the United States.
As Coin Flip, the leading provider of ATMs to Bitcoin, announced its support for Dogecoin on Monday, attributing the company's CEO and co-founder, Daniel Polotsky, to the move to DOGE popularity and recent mass adoption.
On February 4, the price of the cryptocurrency rose 25% within minutes after Tesla and SpaceX founder Elon Musk published a rocket heading to the moon and Doge added in the comments .
two days later, the second richest man in the world continued his support for Dogecoin, publishing a poll asking if Dogecoin will be the future currency of Earth - 71.3% of 2.4 Million Participants Yes.
Mark Cuban, owner of the NBA's Dallas Mavericks, also joined the conversation on February 8th, where he told Forbes that the attention the meme-based currency is receiving is not an appearance. Bad for the industry.
where Cuban said: [Dogecoin] gives you a better chance to win than a lottery ticket while teaching the economics of supply and demand and introducing people to cryptocurrency assertions ... I really like it as a tool. Teaching the least expensive and entertaining economics at the same time.
During the first two weeks of February, the price of the cryptocurrency rose by nearly 200% from $ 0.03 to only $ 0.09. Since then, the price has slowly consolidated near $ 0.05.
Some users were speculating that Dogecoin's price hike was not entirely normal with prices rising 85% from the Reddit group / WallStreetBets after a lull in the non-stop hype.
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Two days later on February 1, Case Team Leader Gene Simmons told Twitter users that he would buy the cryptocurrency among other currencies, causing an additional spike in Prices are 40% off 24 hours.
Coin Flip has seen astronomical growth in demand over the past twelve months, with revenues more than tripling year-on-year and the company increasing the number of ATMs from 441 To nearly 1,800 since January 2020. Coin Flip ATMs are installed in 45 of 50 states in the United States.
The company's ATMs also support Bitcoin, Ethereum, Binance Coin, Dash, Litecoin, ChainLink, USDC and Stellar. <...
