Oakland Athletics has joined the league of NBA team Dallas Mavericks as it announced today that it will start accepting Dogecoin as a form of payment for ticket sales. Dogecoin, the meme turned fourth-largest cryptocurrency with a $90 billion market cap has been on a record-setting spree this bull season. As its price jumped from a few cents at the start of the year to a new ATH of $0.70 set today, the altcoin has gained a lot of traction beyond being a meme cryptocurrency.
The Major League Baseball team has announced that fans can purchase game tickets at RingCentral Coliseum using $DOGE. The current Doge offering includes a two-seat pod in the Plaza Infield for 100 Dogecoin for the May 3-6 series versus the Toronto Blue Jays. The addition of Dogecoin comes after the baseball team had earlier announced that it would offer the whole season suite for one Bitcoin.
Doge Now a Legit Form of Payment
Bitcoin and Ether adoption has gained most of the traction during the early phase of the current bull season, however, Dogecoin has now joined the party and managed to flip XRP yesterday to take the 4th spot by market cap. While many analysts kept warning against investing in the meme currency that drew major investments from TikTok stars based on the speculative nature and price pump based on Elon Musk’s tweet, Doge has come a long way from being just a meme currency.
Doge is now accepted by two major sports league teams along with car dealerships and medical suppliers. With a market cap of $90 billion, it is currently larger than BMW and Ford. Interestingly the founder of the Dogecoin who later left the project for the community to make it more decentralized sold his share of Doge to buy a new Honda, and now Dogecoin is bigger than the most premium car brands in the US.
Dogecoin today rose by 50% to set another ATH of $0.6957 and looks aggressively close to flip Binance Coin in its next leg of the bullish surge.
The post Dogecoin Now Accepted as Payment by Major Baseball League Team Oakland Athletics appeared first on Coingape.