Bitcoin of America adds Dogecoin to its crypto ATM machines, sending Doge price way up
Meme token Dogecoin has risen about 20% in the span of a week, way above the current upwards trend range in digital assets, seemingly riding on the news that the crypto ATM chain Bitcoin of America has added Doge to its roster. Bitcoin of America currently operates 1,814 crypto ATM machines across the U.S., and offers cryptocurrency exchange for fiat money, or the opposing transaction. With those ATMs being crypto kiosks, the transaction fees range from 6% to the whopping 20%, way more than users would be charged on an exchange, yet the swap comfort that Bitcoin of America ATMs provide is undeniable compared to exchange accounts.
The other popular meme token that is usually correlated with Dogecoin - Shiba Inu - saw just a 5% price rise, much in line with the general crypto tide these days, indicating that Doge's addition to the Bitcoin of America ATMs may have indeed been the catalyst behind Dogecoin's 15% price rise in the span of 24 hours. Those crypto kiosks only sell three other cryptocurrencies besides Doge now - Bitcoin, Litecoin, and Ethereum - so the Dogecoin inclusion in Bitcoin of America's portfolio is a sign that it is now seen as a viable digital asset that is here to stay. Elon Musk of Tesla fame has done quite a lot to popularize what started as a joke meme token, yet despite his pump antics, Doge is still quite a bit off all-time highs despite its 20% run on a weekly basis.