Dogecoin, the OG meme coin, is setting a new precedent in mainstream adoption. Expanding crypto use cases in real estate is one such example. Recently, Dogecoin developer Paulo Vidal teamed up with a Portuguese real estate firm to list a friend’s property for sale exclusively on DOGE. The unprecedented move is the first of its kind in the housing market.
Vidal singlehandedly led the transformative initiative by dispelling initial apprehensions and the lack of awareness towards digital currencies, opening up new frontiers in the housing industry. The transaction process was seamlessly integrated into Remax’s system by leveraging ShibeShip.com and gigawallet.dogecoin.org, enabling payments in DOGE without changing the agency’s existing infrastructure.
Continuing its upward price trajectory, DOGE posted a whopping 40% surge, sitting comfortably at $0.1276, driven by Bitcoin’s bullish momentum. In just seven days, the popular meme coin recorded an impressive 51% increase, marking a significant milestone for the year by shedding off one zero from its price, a feat not achieved in over a year.
The broader market rally has propelled the token to hit a 52-week high of $0.1344, hinting at the potential to revisit its previous all-time high [ATH] of $0.7376. Experts have cited several factors that played a key role in this projection, including trading volume, whale transactions, and overall market sentiment. At present, DOGE’s trading volume has skyrocketed by 208% to $5,755,421,085, cementing its position as the seventh most traded digital currency.
According to earlier insights shared by InToTheBlock, a notable trend has emerged: since the 30th of January, DOGE has initiated and processed more than 1 million transactions daily without any interruptions.
Dogecoin and Ferrari
In a testament to its growing popularity as a token of substantial usability in the mainstream space, luxury car producer Ferrari recently announced integrating DOGE as a means of payment in the US. Bitpay is expected to also act as a settlement agent for payments made in DOGE.
Enrico Galliera, Chief Marketing and Commercial Officer of Ferrari, stated that this decision was made in response to customer requests and market trends. Ferrari’s commitment to innovation and catering to the needs of its clients is evident in this groundbreaking move.