Dogecoin (CRYPTO: DOGE) is returning to the tracks this yr after a niche of seven years on the Las Vegas Motor Speedway for the Alsco Uniforms 300, a NASCAR Xfinity Sequence (NXS) inventory automotive race, KNWA and Fox24 reported Tuesday.
What Occurred: The mascot of the joke cryptocurrency — a Shiba Inu canine — will journey together with driver Stefan Parsons.
The automotive’s foremost sponsor Sean Taylor, CEO of Springrates stated he has currently “been obsessive about studying extra about blockchain and the way forward for decentralized forex.”
“I had the concept of together with Dogecoin on the automotive for this race whereas chatting with Stefan following the season opener in Daytona,” revealed Parsons, in response to KNWA and Fox 24.
“It was ironic as a result of on the time, I wasn’t conscious his dad’s workforce beforehand ran the Dogecoin automotive in 2014. Perhaps it was destiny.”
Why It Issues: DOGE co-founder Billy Markus wrote an open letter on Reddit in February through which he famous a few of the sporting events that the cryptocurrency has been concerned with — together with Nascar and the Jamaican Bobsled workforce.
The meme-themed cryptocurrency has soared 838.01% for the reason that yr started, beating the 66.99% YTD returns of the apex cryptocurrency Bitcoin (CRYPTO: BTC).
DOGE traded 1.61% decrease at $0.0507 at press time, whereas BTC traded 1.01% increased at $49,383.10.
A new release of Dogecoin Core was introduced on Feb. 28, which incorporates “essential efficiency enhancements.”
Photograph by TaurusEmerald on Wikimedia
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