Guaranty Escrow, a true estate service provider that accepts crypto payments has added Dogecoin to its payment list allowing customers to shop for their next house by paying in meme currency. the important estate service provider claims to be a pioneer of crypto payments within the land business accepts Bitcoin, Ethereum, and now Dogecoin along side several stablecoins also. They facilitate all the crypto transactions via BitPay.
Dogecoin has risen from being an online meme currency to become the fourth-largest cryptocurrency by market cap after achieving a replacement ATH of $0.73. The unprecedented rise has been aided by the TikTok frenzy and heavy shilling by Elon Musk. Musk has recently even talked about working with Doge devs to form the meme currency a more efficient sort of money, following which the digital asset rose nearly 30% after falling to monthly lows of $0.39 post-Vitalik Buterin led selling spree yesterday.
Crypto space has a longtime trend when it involves price rise momentum, where altcoins of an identical kind have risen together and Dogecoin’s rise was no different, or even a touch different. The mammoth rise of Doge from $0.04 levels last month to new ATH triggered a meme coin bull run-fest where many new meme currencies hit the market during a matter of weeks and saw their price surge by 10X to 15X within the matter of days post listing. Shiba Inu is one such example that managed to interrupt into top-20 within days of listing because of the meme frenzy.
The only problem with the increase of meme currencies is that there’s no inherent use case of those assets since it had been created as a meme within the first place. The Dogecoin, for instance, has an infinite supply and no use case, and despite being community-driven and relatively decentralized had just one reason to get up so far i.e Elon Musk continuously tweeting about.