CoinFlip, one of the leading crypto ATM providers in the United States, announced that it has listed Dogecoin on its 1,800 ATMs across the US in an effort to make the cryptocurrency available to the masses. Doge jumped more than 5% in the last 24 hours.
According to the official announcement, CoinFlip aims to facilitate Dogecoin supporters even in the most rural towns of America. The cryptocurrency currently has a market cap of more than $6.6 billion.
Dogecoin received support from some of the leading names in the industry including Elon Musk. The CEO of Tesla expressed his views about the digital asset on Twitter frequently. Musk recently mentioned in a tweet that Dogecoin is the currency of people.
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CoinFlip highlighted the growing interest of users in Dogecoin and mentioned that the company is committed to providing further support to the cryptocurrency in the future.
Commenting on the recent announcement, Daniel Polotsky, CEO and Co-founder of CoinFlip, said: “CoinFlip is on a mission to make the digital currencies available to anyone who’s interested in investing, even in the most rural towns of America. Given its growing popularity and recent mass adoption, we are dedicated to making sure that Dogecoin is a part of our portfolio of coins and encourage further support of this cryptocurrency in the coming months.”
Price Jump in Dogecoin
Doge jumped significantly since the start of 2021. The cryptocurrency started this year at a price level of $0.0048 with a total market cap of nearly $600 million. Dogecoin is now up more than 1000% in the last 2 months. The digital asset registered an all-time high of $0.082 in February and crossed the market cap of $10 billion after getting support from Elon Musk. As of writing, Dogecoin is trading above $0.051. Doge’s market cap is now higher than several cryptocurrency assets including NEM, Aave, Cosmos, Monero, Solana, EOS, Bitcoin SV, Tron and IOTA.