Dogecoin It was a joke, but 11 years later the token became popular among merchants to pay for purchases. The characteristics of the popular meme coin were discussed in Bloomberg.
Journalists noted that the average commission on the network costs
Dogecoin’s popularity is driven by its humorous nature and support from celebrities such as Snoop Dogg and Lil Yachty, Elon Musk and Mark Cuban.
In 2021, the Dallas Mavericks will be the last implemented payment for goods and tickets in DOGE. So far, only 25,000 coins have been deposited into NBA team accounts, according to Cuba. The entrepreneur said it’s a “cheap way to be part of a vibrant online community.
The co-founder of Williamsburg Pizza in New York, which accepts Dogecoin, noted its “virality”. In his opinion, this makes cryptocurrency an effective marketing tool.
In the BitPay processing application, DOGE is in fifth place, ahead of him XRP and USDChighlighted in Bloomberg.
“Over time, Dogecoin has become less like a meme coin and more like a blank slate – without much of the technological risk. Compared to other cryptocurrencies, it offers a very solid combination of recognition, simplicity and low cost.”,” said Frederic Collins, executive director and founder of the Velo Data platform.
One of the fans of the meme coin is Elon Musk. Before that, Musk was actively promoting cryptocurrency. In April 2022 it is recommended reduce the cost of Twitter Blue and add the ability to pay for membership in DOGE. In January Tesla he started selling products for Dogecoin.
A few weeks ago, a businessman supported a proposal to pay for Tesla products using DOGE. The company removed that option earlier this year.
Me
– Elon Musk (@elonmusk) August 30, 2024
In August Musk and Tesla won class action lawsuit for $258 billion for the promotion of Dogecoin.
The plaintiff wanted to prevent the billionaire and his groups from promoting the coin and calling the transaction “gambling”. In his view, the defendants manipulated the market and engaged in insider trading.
Remember that in August 2024 Musk hit the offer US presidential candidate Donald Trump to join his team by publishing his image with the inscription DOGE
Find an error in the text? Select it and press CTRL + ENTER
ForkLog Newsletters: keep your finger on the pulse of the Bitcoin industry!
2024-10-02 15:48:37
#Bloomberg #King #Meme #Coins #Dogecoin #longer #joke
