Dogecoin was founded as a “joke” currency on December 6th, 2013, featuring a Shiba Inu dog, a Japanese breed of dog, as a mascot. It is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees.
It is a digital asset with a market capitalization of $7.2B. Dogecoin is ranged as 15 in the global cryptocurrency rating with an average daily trading volume of $1.2B. Currently, it is priced at $0.0554. Its price has changed by -1.96% in the latest 24 hours. There are 128,701,930,724 dogecoins in circulation according to Coinmarketcap.com.
Elon Musk, the CEO of Tesla Motor, keeps positive about Dogecoin on Twitter. In early February, Musk sent ripples through the crypto market after his series of tweets about Dogecoin and led to a massive rise in the popularity of the cryptocurrency.
And now Mark Cuban has joined him in supporting Doge on social media.
As of March 1st, CoinFlip, the cryptocurrency ATM provider, added Dogecoin to its portfolio of available coins on its 1,800 ATMs across the USA.
On March 4th, the Dallas Mavericks are accepting Dogecoin as payment, which is through a partnership with BitPay. And on March 6th, Dogecoin was back on a NASCAR car, and the No. 99 car is driven by Stefan Parsons.