Dogecoin Leaps to 1-Month High as ATM Operator Adds the Coin to Its Network

The cryptocurrency can now be traded at ATMs run by Bitcoin of America.

AccessTimeIconMar 24, 2022 at 4:43 p.m. UTC
Updated May 11, 2023 at 5:04 p.m. UTC

Dogecoin (DOGE) touched a one-month high Thursday, a day after Bitcoin of America announced plans to add support for the doggy-themed cryptocurrency to its network of more than 1,800 ATMs across 31 U.S. states.

The dogecoin price rose 4% in the past 24 hours, hitting $0.141 at one point during the day, its highest price since Feb. 21. At press time, DOGE was changing hands at $0.136.

Bitcoin of America, which describes itself as a virtual currency exchange registered as a money services business with the U.S. Treasury Department, said it "recognized the growing popularity of Dogecoin and decided it was time to include it."

With the ATMS, customers can buy certain kinds of cryptocurrencies with cash or sell them for cash. Ether, the native token of the Ethereum network, was added to the ATM network in October.

Last week, the price of DOGE jumped after the billionaire Tesla CEO Elon Musk tweeted that he won’t sell his crypto holdings, including dogecoin.

The token is still well off its all-time high of $0.74 reached early last year.

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Angelique Chen

Angelique is a market contributor at CoinDesk.