The world's richest man Elon Musk tweeted about the cryptocurrency Dogecoin again. This is despite talks that the SEC is to investigate Tesla CEO for his tweets referring to the meme coin.
After the post DOGE's price went up by 5%. At the moment it trades at around $0.05.
Doge meme shield (legendary item) pic.twitter.com/CeomU9q84c— Elon Musk (@elonmusk) March 1, 2021
There is also another news concerning the cryptocurrency. BTC ATM provider Coinflip added Dogecoin as an option for trading. Users can purchase it via 1800 terminals over the USA.
The decision is based on Dogecoin's rising popularity and adoption. Currently, Coinflip ATMs are placed in 45 US states. They support the buying and selling of crypto assets with cash.
The crypto operator saw huge progress in 2020. In January the company announced a 359% increase in revenue from 2019 and more than tripling the size of its BTC ATM network.