CoinFlip, one of the top crypto ATM providers in the US, announced the listing of Dogecoin on its 1,800 terminal networks across the country in a bid to make the digital asset available to the public.
DOGE rallied more than 5% in the last 24 hours. The cryptocurrency is currently valued at almost $7 billion.
DOGE entered circulation in 2013 and quickly became a household name courtesy of its cuddly Shiba Inu mascot and “joke”-loving community.
Since then, Dogecoin has drawn massive support from celebrities like Snoop Dogg, Kiss bassist Gene Simmons and Kevin Jonas.
Tesla chief executive officer Elon Musk recently mentioned in a Twitter comment that Dogecoin is the “currency of people.”
DOGE has also been tied in the recent “meme trading” mania that saw social media groups inflate stocks like GameStop (GME).
CoinFlip underscored the rising interest of users in crypto and said that the company is focused in providing more support to the token in the coming months.
“CoinFlip has always been about the small business and retail customers… dogecoin has paradigm-shifted itself into more than just a meme coin but a symbol of the small league investors,” PYMNTS quoted a CoinFlip representative as saying.
CoinFlip’s network has accelerated from around 450 ATMs in February last year to around 1,800 today. In an interview with CoinDesk, CoinFlip said it plans to increase that number to more than 4,000 by end of the year.
CoinFlip also offers bitcoin, ether, dash, litecoin, chainlink, stellar, komodo and tron.
Dogecoin has soared more than 1,000% in the last 60 days. It notched an all-time peak of $0.082 in February and breached the $10 billion market valuation after getting support from Elon Musk.
Image courtesy of Graham Stephan/YouTube Screenshot
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