According to information from leading Bitcoin ATM provider Coinflip, Dogecoin (DOGE) is currently supported at more than 1,800 ATMs across the United States. This move partly demonstrates the popularity and recent mass adoption of DOGE.
DOGE is now supported at 1,800 ATMs in 45 US states
The company’s CEO and co-founder, Daniel Polotsky, said:
“Famous meme crypto Dogecoin (DOGE) can now be accessed through 1,800 ATMs across the United States. The move to DOGE’s recent popularity and recent mass adoption.”
Coinflip has seen staggering growth in demand over the past 12 months, with revenue tripling from the same period last year as the company increased its number of ATMs from 441 to around 1,800 since January 2020. Coinflip ATMs are installed in 45 of the United States’ 50 states. The company’s ATMs also support BTC, ETH, BNB, DASH, LTC, LINK, USDC, and XLM.
On Feb. 4, DOGE jumped 25% within minutes after Tesla and SpaceX founder Elon Musk posted a photo of a rocket flying to the moon and added the keyword “Doge” in the comments.
— Elon Musk (@elonmusk) February 4, 2021
Two days later, Musk went on to praise Dogecoin, posting a survey asking whether Dogecoin is the future currency of the earth. As a result, 71.3% of the 2.4 million respondents agreed.
NBA’s Dallas Mavericks owner Mark Cuban told Forbes that the attention DOGE is getting is not a bad look towards the industry.
“DOGE gives you a better chance of winning than a lottery ticket all while teaching the economics of supply and demand and introducing people to crypto assets. I truly love it as the lowest cost economics teaching tool available that entertains at the same time.”
During the first two weeks of February, DOGE prices rose nearly 200% from $ 0.03 to just $ 0.09. Since then, it has gradually consolidated close to $ 0.05.
Some users have speculated that Dogecoin’s price increase is not entirely organic with the 85% pump happening from the Reddit / WallStreetBets team after the GameStop story died. A few days later on February 1, Gene Simmons, the head of Kiss told the Twitter user that he would buy the cryptocurrency among others, resulting in a 40% increase in price over a 24 hour period.