The Cause Of Dogecoin Prices Rising, It Turns Out Because Of This!

DOGE prices go up because they enter crypto ATMs in the US. (Photo; Kanchanara - Unsplash)

JAKARTA – The price of Dogecoin has increased in recent days. This was triggered by the Bitcoin company of America announcing to add DOGE to the list of cryptocurrencies on its platform. This is intended to make it easier for investors who want to buy them, reported by Bitcoinist.

Bitcoin of America is one of the fintech companies that has the largest collection of cryptocurrency ATMs in the entire United States (US). Until now the company has a total of 1,800 ATMs. With this number of ATMs, investors have access to buy cryptocurrencies using debit cards or cash.

DOGE is now included in the range of cryptocurrencies that can be purchased through ATMs. Previously, these crypto ATM users could only buy several coins such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

The joining of the meme coin to the list has brought DOGE closer to crypto enthusiasts in the US. Bitcoin of America's crypto ATMs have spread across 31 US states and have served crypto enthusiasts in the US.

Dogecoin Price Rises

The inclusion of DOGE in the list of cryptocurrencies at ATMs has successfully affected the price performance of Dogecoin itself. The price of the meme coin managed to jump 16.4 percent in the past week according to a data report from Coingecko.

Although previously DOGE started to rise during the recovery period of the crypto market, it was not as big as the price spike after the announcement from Bitcoin of America. The all-time high price (ATH) of Dogecoin is at the level of IDR 10,338 which was recorded on May 8, 2021. DOGE is still minus 81.2 percent of its ATH.