Dogecoin (DOGE) hit a one-month high on Thursday, a day after Bitcoin of America announced plans to add support for the canine-themed cryptocurrency to its network of over 1,800 ATMs in 31 states.
The price of dogecoin has increased by 4% in the last 24 hours, reaching $0.141 at one point during the day, its highest level since February 21. DOGE was trading at $0.136 at the time of publication.
Bitcoin of America, a virtual currency exchange registered with the US Treasury Department as a money services business, stated it “saw the growing popularity of Dogecoin and thought it was time to integrate it.”
More On Crypto ATMs
Customers can use ATMs to buy or sell certain types of cryptocurrency for cash. In October, the Ethereum network’s native coin, Ether, was integrated into the ATM network.
DOGE’s value soared last week after billionaire Tesla CEO Elon Musk stated that he would not sell any of his crypto holdings, including dogecoin.
Last week, the DOGE price jumped on Mar. 14 when the billionaire Tesla CEO Elon Musk tweeted that he won’t sell his crypto holdings including dogecoin.
The token is still well off the all-time high of $0.74 reached in early 2021.