Dogecoin enters top 10 as 8th largest.

  • April 16, 2021
  • Jennifer Moore
Dogecoin enters top 10 as 8th largest.

Unraveling new milestones, the cryptocurrency space keeps unfolding regularly. The latest among these is Dogecoin which entered the top 10 list. It is a cryptocurrency discovered in 2013 by Jackson Palmer and Billy Markus. With time, it has grown in popularity and is lately being recognized exceptionally apart from Dogecoin being on the charts for a short while earlier.

What is a DogeCoin?

Initially discovered as a joke currency, due to the Doge meme, highlighting a dog, this alternative token has surpassed all odds hence emerging victorious in the space of cryptocurrency. It is because famous individuals like Snoop Dog – an American rapper and Tesla CEO – Elon Musk supported the coin.

Elon Musk has also declared that happened to be the people’s cryptocurrency. It was his comments that sparked new interest among various conservative investors, particularly those who decided to make a sell-off after a massive rally of the coin in the ecosystem of cryptocurrency.

DogeCoin Accepted as Payment For NBA merchandise and Tickets

Lately, Dogecoin is the option of payment by the Dallas Mavericks of the NBA. The altcoin continued gaining traction. Therefore, the 8th biggest cryptocurrency was the payment option for merchandise and tickets. Dallas Mavericks purchased online a few weeks back. Initially, the hype developed by Elon Musk presently seems to have snowballed and carried on as a meme-based Crypto and proceeded to go mainstream.

For example, Dogecoin is presently available at 1800 ATMs across the United States of America. According to sources, various Bitcoin ATM networks have added it as an alternative for purchasing. This was due to the recent mass adoption and popularity of Dogecoin. Apart from that, numerous business professionals believe that it might be interesting if Generation Z and millennials chose the coin as their chosen store of currency/value over the US dollar and gold. It could act as a contribution to the skyrocketing price appreciation of Dogecoin.

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