The American tech e-retailer Newegg added DOGE payments in a celebratory move before Doge Day as the meme coin now entered the list of top 5 cryptos as we can see more in our latest Dogecoin news.
Newegg is a huge American retailer that specializes in computer parts and consumer electronics. Now, Newegg added DOGE payments to its platform to celebrate the so-called DOGE Day by adding Dogecoin as an official payment method according to the announcement:
“We are now accepting dogecoin as an official payment method via BitPay. Happy DogeDay to all, let’s share the good news.”
We are now accepting #dogecoin as an official payment method via BitPay.
Simply click "Edit" in the payment section during checkout, select @BitPay, and complete your transaction.
— Newegg (@Newegg) April 20, 2021
According to the release, the customers can choose DOGE as a payment option when they complete an order on the checkout page by clicking “Edit” and selecting BitPay service which is the processor of choice for merchants founded in 2011. Andrew Choi who is a senior brand manager of Newegg added:
“The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency.”
Dogecoin saw a lot of attention and price increases since it pumped during the GameStop short squeeze campaign that was launched by the Reddit group WallStreetBets. According to Messari reports:
“DOGE was swept into the r/WallStreetBets drama, in which retail investors coordinated a DOGE pump, aided by the meme coins outsized social media presence.”
In early February, one tweet from SpaceX CEO and Tesla showed the launching rocket with the word DOGE on it which was enough to boost the coin in price in an instant. Musk continued to tweet about the coin since and pumped the coin even further. At press time, DOGE is having the time of its life so far and surged by about 500% over the past week. The token is trading at $0.40 and climbed to 4th place among the top crypto’s a day ago, as per the crypto metrics platform CoinGecko.
— Elon Musk (@elonmusk) February 4, 2021
As we can see in today’s charts, DOGE gained a bit of ground and slid towards 5th place by market cap as with the combined price of all tokens that are in circulation. However, according to some, DOGE is just starting.
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