While the cryptocurrency market is recovering, other cryptocurrencies like Dogecoin continue to rise strongly (DOGE-USD). Dogecoin is also known for its fun and whimsical nature, contributing to online users’ popularity.
Dogecoin (DOGE) is a cryptocurrency created as a parody of Bitcoin currency. Dogecoin increased in value shortly after adding Dogecoin to the list of assets purchased at Bitcoin of America ATMs in the US.
CoinMarketCap data indicates that DOGE has seen a 14% increase in value over the last 24 hours to $0.14 Dogecoin trades at $0.13 (+8.86%) at the time of this writing.
Decrypt reports that the cryptocurrency has been up to over 20% in the past week, going from $0.117 to $0.139. However, it is still 80% below the all-time high of $0.73 recorded last May.
Customers can also buy and sell bitcoin (BTC), Ethereum (ETH), and litecoin (LTC) through the company’s ATMs. Cryptocurrency ATMs are different from traditional ATMs. They allow users to exchange fiat currencies for cryptocurrencies and vice versa.
That means fees can range from 6% to 20%, considerably higher than cryptocurrency exchange charges. Coin ATM Finder tracks the location of cryptographic ATMs worldwide and estimates approximately 1,815 Bitcoin of America ATMs in the United States.
Due to the operator’s decision-making cryptocurrency available in ATMs, Dogecoin (DOGE) prices have increased by 10%. That follows the DogeCoin Foundation’s announcement that they will soon be adding more opportunities for users to purchase and use the cryptocurrency.
The foundation is hoping to drive more usage of DogeCoin, which is currently worth about $0.30 per unit.