CoinFlip, a cryptocurrency ATM company, added Dogecoin to the list of crypto available at 1,800 of its ATMs in the US, according to CoinJournal.net. Now retail buyers can use cash to buy DOGE from the ATMs. The source says the announcement created a market reaction pushing the crypto above $0.50.
Dogecoin is a “fun” open-source digital currency, with a Shiba Inu dog from memes as its mascot. Its price has been very volatile in the past month, affected by tweets from Elon Musk. Moreover, there was support from other sources like WallStreetBets on Reddit and stars like Gene Simmons.
Tesla’s CEO tweeting about Dogecoin has become a norm. As a result, allegedly the US Securities and Exchange Commission (SEC) could investigate him for his comments on the coin. Musk openly expresses his opinion on DOGE, calling it his favorite and “the crypto of the people.” His Twitter posts spark a Dogecoin discussion even without mentioning the coin explicitly.
With so much hype around Dogecoin, it has become the most discussed cryptocurrency on Twitter in February, according to the infographic by ICO Analysis. Even Bitcoin, enjoying a 10.1% share of mentions, gave away first place to DOGE with 10.4% of mentions.
DOGE hit an all-time high of about $0.084 on February 8 and has lost over 40% in value since then. The coin is now trading at around $0.050.