Dogecoin Now Available at Over 1,800 Coinflip ATMs Across the U.S.

Dogecoin Now Available at Over 1,800 Coinflip ATMs Across the U.S.

Dogecoin, the popular meme-based cryptocurrency, is now available for purchase at over 1,800 Coinflip ATMs across 45 states in the U.S. This milestone marks a significant expansion of Dogecoin’s accessibility, as it joins a growing list of cryptocurrencies available through Coinflip’s Bitcoin ATMs. The addition of Dogecoin comes as the cryptocurrency has gained immense popularity, thanks to support from prominent personalities and a surge in mass adoption.

Coinflip, known for providing Bitcoin ATMs, has seen a massive rise in demand over the past 12 months. The company’s revenue has tripled year-over-year, while its ATM network expanded from 441 machines in January 2020 to approximately 1,800 by early 2021. Coinflip’s ATMs now support a variety of cryptocurrencies, including Bitcoin, Ethereum, Binance Coin (BNB), Dash, Litecoin (LTC), Chainlink (LINK), USDC, and Stellar Lumens (XLM), with Dogecoin now joining the ranks.

Dogecoin’s Rise: The Power of Musk and the WSB Community

The rise of Dogecoin can largely be attributed to the influence of Tesla and SpaceX CEO Elon Musk, who has frequently tweeted about the meme-based cryptocurrency. Musk’s tweets have had a profound impact on Dogecoin’s price, with one simple tweet of “Doge” causing a 25% surge in the cryptocurrency’s value. Musk has referred to Dogecoin as “the people’s crypto,” contributing to its mass appeal and widespread adoption.

In addition to Musk’s vocal support, Dogecoin has gained traction from the Reddit group WallStreetBets (WSB), which gained fame for its involvement in the GameStop stock surge. As the GameStop hype began to subside, WSB turned its attention to Dogecoin, propelling its price by 85%. This surge, fueled by retail investors, highlighted the growing community support behind Dogecoin.

Mark Cuban and the Growing Legitimacy of Dogecoin

Dogecoin’s attention-grabbing rise hasn’t gone unnoticed by other prominent figures in the business world. Mark Cuban, the owner of the NBA’s Dallas Mavericks, expressed his support for the cryptocurrency in February 2021, noting that Dogecoin’s increasing visibility was a positive for the industry. Cuban’s endorsement is just the latest in a string of high-profile figures acknowledging Dogecoin’s potential, further cementing its place in the mainstream.

Between February 1st and 14th, Dogecoin’s price skyrocketed approximately 200%, jumping from $0.03 to $0.09. While its price has since consolidated near the $0.05 mark, this sharp increase demonstrates the level of interest and volatility surrounding the cryptocurrency. Some analysts speculate that the surge wasn’t entirely organic, with much of the pump coming from the WSB community after the GameStop saga lost momentum.

Dogecoin’s Current Performance and Market Capitalization

As of the latest data, Dogecoin is up about 4% in the last 24 hours, with its market capitalization now sitting at $6.6 billion. This marks a significant achievement for the meme-based cryptocurrency, as its market cap has now surpassed that of Wrapped Bitcoin (WBTC). With increasing mainstream attention and support from high-profile figures, Dogecoin continues to carve out its place in the cryptocurrency market.

Conclusion: Dogecoin’s Growing Accessibility and Market Presence

The addition of Dogecoin to Coinflip’s vast network of ATMs is a key step in making the cryptocurrency more accessible to a wider audience. As Dogecoin continues to gain popularity, it’s clear that it has moved beyond its meme origins, attracting attention from both retail investors and prominent figures in the business world. With increasing accessibility and community support, Dogecoin’s journey into the mainstream is well underway, and it will be exciting to see where it goes next.

To learn more about the latest updates in the crypto world, explore our article on the most promising cryptocurrencies and their potential to reshape traditional finance.