Why is Dogecoin (DOGE) Surging?

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According to CoinMarketCap data, the price of Dogecoin, the most well-known Bitcoin parody, has increased by more than 12% in the last 24 hours.

Earlier today, the cryptocurrency hit an intraday high of $0.1384 on the Binance exchange, up 14 percent in three days. Because of the price increase, Dogecoin has risen to 12th place in terms of market capitalization, surpassing the Binance USD (BUSD) stablecoin. The joke Bitcoin parody is now worth $18 billion, but it is still a long way from its previous high of more than $90 billion in May.

The most recent increase occurred following the exchange of virtual currency. Dogecoin is now available at Bitcoin of America’s cryptocurrency ATM machines across the United States. Last October, the company added support for Ethereum, the second-largest cryptocurrency. Customers can also buy and sell Litecoin.

Bitcoin of America claims to have 1800 cryptocurrency ATMs spread across 312 states. Its universal kiosk allows users to buy cryptocurrencies with cash after withdrawing funds from a debit card, or to sell their cryptocurrency for cash.

The inclusion of Dogecoin will almost certainly increase the mainstream adoption of the largest meme coin.

On Wednesday, Voyager, a commission-free cryptocurrency trading app, added support for Dogecoin, allowing customers to send and receive the joke cryptocurrency.

On Wednesday, Dogecoin received additional attention as part of National Puppy Day, with Binance and other businesses teasing the communities behind the most popular canine meme coins.

While most of the altcoins on the digital money market are recuperating, Dogecoin merchants are effectively buying their most loved memecoin, which has as of late gotten through the principal obstruction line.

While DOGE recently combined on the opposition line, it still can’t seem to enter a long haul upturn in the wake of breaking it, showing that the market isn’t yet ready to help the assembly on the first memecoin.

Already, the market dismissed Dogecoin’s move over the obstruction, however, because of the meeting in altcoins like Cardano and Ethereum, DOGE very quickly retested the opposition.

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