October 2, 2022

Dogecoin Breaks Into Major League Baseball As Oakland Athletics Now Accepts It For Payments

3 min read

Dogecoin’s steady advance into the mainstream advanced Monday, with the Oakland Athletics baseball team announcing it would offer tickets for 100 units of the meme cryptocurrency.

DOGE To The Moon

The Oakland Athletics have signed up with the NBA’s Dallas Mavericks by revealing today that they will recognize Dogecoin as a form of payment for ticket sales. This bull season, Dogecoin, the meme turned fourth-largest cryptocurrency with a market cap of $90 billion, has been on a record-setting spree. Beyond being a meme cryptocurrency, the altcoin has gained a lot of attention as its rate has actually increased from a couple of cents at the start of the year to a new ATH of $0.70 set today.

Oakland A’s president Dave Kaval stated on Twitter the team had actually currently processed dogecoin transactions, which he stated were the very first in Major League Baseball history. He included the hashtag #DogecoinToTheMoon.

Fans can now purchase game tickets at RingCentral Coliseum using $DOGE, according to the Major League Baseball team. For 100 Dogecoin, a two-seat pod in the Plaza Infield will be readily available for the May 3-6 series versus the Toronto Blue Jays. The addition of Dogecoin follows the baseball team previously revealed that the entire season suite will be readily available for one Bitcoin.

Dogecoin has actually now gone into the celebration and handled to flip XRP yesterday to take the fourth area by market cap. Bitcoin and Ether adoption got much of the momentum throughout the early stage of the existing bull season, but Dogecoin has now signed up with the celebration and managed to turn XRP to take the 4th area by market cap. While lots of observers alerted against investing in the meme currency that drew in big investments from TikTok stars due to its speculative existence and cost pump based on Elon Musk’s tweet, Doge has actually progressed well beyond that.

Associated article| What Elon Musk’s SNL Appearance Could Mean For Bitcoin & & Dogecoin

2 major sports league clubs, as well as automobile dealers and medical providers, now enable Doge payments. It is actually bigger than BMW and Ford, with a market capitalization of $90 billion. Dogecoin’s founder, who later on left the task for the group to make it more decentralized, sold his Doge to buy a new Honda, and now Dogecoin is bigger than most of luxury car brand names in the United States.

Given that its debut in 2013, Dogecoin has continued to grow as the poster child of altcoins. As it got popularity, it rapidly became associated with wild rate pumps since of its small value and concentrated holdings.

According to Coin Metrics, the price of Dogecoin increased by around 40% on Tuesday. After bitcoin, Ethereum, and Binance Coin, Dogecoin now has a market cap of $69 billion, rendering it the fourth-largest cryptocurrency.

The Doge to the moon objective continues|Source: DOGEUSD on TradingView.com Dogecoin is a meme-based cryptocurrency. Over the last few years, there has actually been little advancement operation, and few of its users run a complete node. There have been 16 weekly performances greater than 30% and 6 of those provided 100% or greater gains.

Related article|Cash In Memes: Dogecoin And Funny NFTs Go Viral

Featured image from Pixabay, Charts from TradingView.com