Dogecoin's (DOGE) Value and Transaction Volume Continues to Rise as New Financial Instruments Arrive
VANCOUVER, BC, April 18, 2022 /PRNewswire/ -- USA News Group –There's been a resurgence in attention towards Dogecoin (DOGE), after a series of recent whale moves (extremely large transactions). Analysts have seen big things for DOGE, including a forecast of a return to its previous $0.73 level by the end of 2024, which would represent a 500% increase from the price as of March 22, 2022. While whale moves tend to trend the coin higher, it's the addition of accessibility that ultimately brings on higher demand, including the Robinhood Markets, Inc. (NASDAQ:HOOD) announcement that its new Cash Card can invest your spare change into Bitcoin (BTC), Ethereum (ETH), and DOGE. Rumors are also circulating that eBay Inc. (NASDAQ:EBAY) could soon accept the same cryptocurrencies for payments. Other ways to obtain the memecoin include from global crypto exchange Coinbase Global, Inc. (NASDAQ:COIN), sometimes as Burger King rewards from Restaurant Brands International (NYSE:QSR) and for livestreaming on the popular social media platform Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF).
- Reaction to the announcement was swift, causing a surge in traffic so heavy it temporarily caused a website outage .
- So far the decision's paid off, as Hello Pal's addition of Litecoin/Dogecoin mining rigs delivered strong additional revenues in the most recent quarter.
- Since then, it's gone on add to its fleet of Antminer L7 mining rigs to its current total of 400 .
- "With the acquisition of the highly sought after L7 miners, we are excited to become a North American miner."