Dogecoin Now Available at 1,800 ATMs Across America: The Meme that Grew Up

Dogecoin Takes a Giant Leap

In a sign that Dogecoin (DOGE) is no longer just the meme-coin that could, major Bitcoin ATM provider Coinflip has announced it now supports DOGE at 1,800 ATMs in the United States. This expansion occurred on March 1, and the reason—according to CEO Daniel Polotsky—is simple: Dogecoin’s sudden rise in popularity. Who knew memes could lead to actual currency?

Elon Musk: The Dogefather

It seems like every time Elon Musk tweets about Dogecoin, the price shoots for the stars. Just look at what happened on February 4th, when he posted a rocket emoji accompanied by the word “Doge.” In mere minutes, the cryptocurrency skyrocketed by 25%, reminding us all how tweets can indeed influence our wallets in today’s world.

“Doge” — Elon Musk (@elonmusk) February 4, 2021

The Crypto Public’s Vote

As if that wasn’t enough, just two days later, Musk took it a step further by conducting a survey asking if Dogecoin could become Earth’s future currency. With over 2.4 million people casting their votes, an overwhelming 71.3% said yes. It’s like asking if pizza is better than salad—no mystery there!

Mark Cuban Sees Potential

Not one to be left out, NBA Dallas Mavericks owner Mark Cuban joined the Dogecoin train on February 8. He shared with Forbes that he sees the attention given to the meme coin as a good thing for the industry. According to Cuban, not only does investing in DOGE offer a better chance of winning than a lottery ticket, but it also serves as an inexpensive economics lesson.

• “It gives you a better chance of winning than a lottery ticket.”
• “I love it as the lowest cost economics teaching tool.”

Market Movements and Speculations

From early February’s price of $0.03 to just shy of $0.09, Dogecoin has gained an astonishing 200%. While some enthusiasts are riding the wave of authenticity, others speculate that its growth has been somewhat orchestrated, particularly with an 85% surge linked to the Reddit group /WallStreetBets.

Celebrity endorsements don’t hurt either; Gene Simmons, lead singer of Kiss, announced on Twitter his intention to invest in Dogecoin, leading to yet another 40% jump in its value within 24 hours. If only investing were always this easy!

Coinflip’s Impressive Growth

Coinflip has been riding the crypto wave of popularity too, witnessing a remarkable 300% increase in revenue year-on-year and expanding its ATM network from 441 to 1,800 since January 2020. With ATMs installed in 45 states, crypto enthusiasts across the country can get their hands on not just Dogecoin, but other popular cryptocurrencies like BTC, ETH, BNB, DASH, LTC, LINK, USDC, and XLM. It seems like the meme is here to stay and play a big role in mainstream crypto exchanges!