Dogecoin on the rise

Dogecoin grew by almost 20% last week, up to $0.139 from $0.117.

Although the coin has seen a positive increase, it isn’t yet as high as its all-time high of $0.73 in May last year.

The obvious reason for such an escalated price level for DOGE is the announcement of the US crypto ATM Bitcoin America, adding the coin to its list of available assets.

Such kiosks allow users to buy and sell Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).

Unlike standard cash points, anyone using crypto ATMs can swap cash from crypto and crypto for cash. Simple.

However, such a transaction does incur a fee and a high fee at that. In comparison to crypto exchanges, such fees can range from 6% to even 20% with Coin ATM Radar putting the average fee for using crypto ATMs at a huge 11% in the US.

Coin ATM radar, a site that tracks the locations of several crypto ATMs worldwide has found 1,814 Bitcoin of American branded kiosks in the US thus far.

Although DOGE is said to be the most successful when it comes to its increase, its rival meme coin Shiba Inu (SHIB) is giving it a run for its money as another popular cryptocurrency.

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Source

Updated: 03/30/2022 — 14:00