With the addition of the meme coin to the Bitcoin ATM operator chain, people have started taking Dogecoin more seriously.
The first meme coin in the history of cryptocurrency called the Dogecoin experienced a double-digit increase in its price in one night, initiating a progressive trend among other currencies. Since Bitcoin of America, a crypto exchange, included Dogecoin in its BTC ATM Machines, crypto enthusiasts have started using the token even more.
Analysts claimed that the coin is working towards smashing the recent 50-day working average for the fifth time, presenting a completely bullish stance. Dogecoin price began a gigantic upwards trend which is thought to be a reaction to the news of DOGE adoption boost in the United States. With the addition of the meme coin to the Bitcoin ATM operator chain, people have started taking Dogecoin more seriously.
The famous meme-inspired Dogecoin experienced a twelve percent increase, releasing itself from a bearish trend over many months. The meme coin has witnessed an increased rate of adoption among crypto users and investors, as the demand for the token grows exponentially.
Bitcoin of America, which is the topmost cryptocurrency exchange that powers on BTC ATM Machines all over the 1,800 sites in the United States, is all set to change the paradigm for Shiba Inu dog-inspired meme coin.
The chain not only included Dogecoin in its automated teller machines but also inspired a ripple effect that caused the prices to reach greater heights. Some other cryptocurrencies already added to the ATM include Bitcoin and Litecoin.
Bitcoin of America, which is a digital currency exchange, recorded itself as a money services company with the United States Department of Treasury. BoA, some time ago, inaugurated a Universal kiosk that integrated the abilities of an everyday ATM, distributed paper money, as well as, enabled the user to purchase cryptocurrency with cash. There is also an attribute for the users to trade crypto in exchange for paper money.
Many bulls and supporters acknowledge the fact this upward trend could steer people’s adoption of the coin, consequently, increasing access to the meme coin.
Recently, Dogecoin’s creator Billy Markus was seen dissing the famous Apecoin after it experienced a massive dip a couple of hours after its launch. According to Markus, the Non-Fungible tokens like Apecoin mobilize based on the token’s publicity. Markus claims that the Apecoin is subsequently, damaging the NFT space.
However, Dogecoin, as a crypto token, has started realizing its potential in the world in real-time. The coin’s utility in real-time has significantly grown, with elite dental clinics of Manhattan adopting Dogecoin as a medium of payment. Market researchers, after considering the increase in Dogecoin, have estimated a rally to $0.25.
Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.
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