Advertisement
AD

Main navigation

Advertisement
AD

Here's Why Dogecoin Is Up 12%

Advertisement
Thu, 24/03/2022 - 6:15
Here's Why Dogecoin Is Up 12%
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The price of Dogecoin, the most prominent Bitcoin parody, has spiked more than 12% over the last 24 hours, according to CoinMarketCap data.

Earlier today, the cryptocurrency reached an intraday peak of $0.1384 on the Binance exchange, adding 14% over the past three days.

Advertisement
Article image
Image by coinmarketcap.com

Because of the price increase, Dogecoin managed to climb to 12th place by market cap, surpassing the Binance USD (BUSD) stablecoin. The joke Bitcoin parody is now valued at $18 billion, but it is still far from its record valuation of more than $90 billion that was recorded last May.

The most recent spike comes after virtual currency exchange Bitcoin of America made Dogecoin available at its cryptocurrency ATM machines across the U.S. The company enabled support for Ethereum, the second-largest cryptocurrency, last October. It also allows customers to buy and sell Litecoin.

Related
Bitcoin of America boasts 1800 cryptocurrency ATMs across 312 states. Its universal kiosk makes it possible to buy cryptocurrencies with cash after withdrawing it from a debit card or sell their crypto for cash.

The addition of Dogecoin will likely boost the mainstream adoption of the largest meme coin.

Voyager, a commission-free cryptocurrency trading app, also added support for Dogecoin on Wednesday, allowing its customers to send and receive the joke cryptocurrency.

Dogecoin also got some extra attention on Wednesday because of Nation Puppy Day, with Binance and other companies teasing the communities behind the most popular canine meme coins.

National Puppy Day is an official holiday that was first celebrated by animal behaviorist Coleen Paige. Its goal is to bring more awareness to puppy mills.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD