Dogecoin (DOGE) Hits All-Time High Ahead of Elon Musk’s Saturday Night Live (SNL) Debut
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In celebration of #DogeDay, Newegg, a tech-focused retail giant based in North America, has announced the addition of the trending meme token, Dogecoin (DOGE), as a payment option on its platform.

Despite criticisms, Dogecoin (DOGE) continues to gain vast popularity and adoption across the world, due to the meteoric price upsurge it currently experiences.

Read Also: Elon Musk Responds to Speculation of SEC’s Investigation over Dogecoin Deliberate Pumps

The one particular factor that has been aiding Dogecoin’s rise into prominence is Elon Musk and his common tweets targeted at touting the cryptocurrency created out of a meme.

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The billionaire owner of the Dallas Mavericks basketball team, Mark Cuban, has also become a stern supporter of the Dogecoin (DOGE), which resulted in accepting the digital token from Mavs buyers.

However, many still term the current trend as pump and dump, but Dogecoin (DOGE) is still rising and it’s currently the 4th largest digital currency by market capitalization.

Read Also: Elon Musk Thinks Coinbase Should List Dogecoin (DOGE)

Newegg Now Accepts Dogecoin (DOGE)

Newegg, a leading tech-focused e-retailer based in North America, has announced that the firm will start accepting Dogecoin (DOGE) as a payment option.

As the report has it, the company was the first major e-retailer to accept Bitcoin (BTC) for purchases initiated on the Newegg platform.

Reacting to the new development, Sr. Brand Manager of Newegg, Andrew Choi said:

“The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency.

“We’re committed to making it easy for our customers to shop however works best for them, and that means letting them complete transactions with the payment method that suits them best. To that end, we’re happy to give Dogecoin fans an easy way to shop online for tech.”

Meanwhile, Newegg had pushed a teaser on Twitter before the official announcement, asking Elon Musk if he would buy their products once they start accepting DOGE as a payment option.

Read Also: Dogecoin (DOGE) Now Available As a Payment Method at Pay Later Tires

Newegg tweeted, “Hey Elon Musk, if we accept Dogecoin as a payment option, would you buy from us?”

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.