Dogecoin, in just a few months, has sent retail investors into a crypto frenzy, so much so that BitPay executive says it is now a bigger payment option than most coins.
The view on Dogecoin has been contrasting – while some influential individuals such Elon Musk and Mark Cuban have taken a liking to it, some like CNBC’s Jim Cramer and Cardano’s Charles Hoskinson have been dismissive.
In recent weeks, Dogecoin has been on an impressive bull run. While most can point to Elon Musk for drawing attention to it, undoubtedly in the past few months, it has witnessed a lot of retail adoration. As Bitcoin has been slowing down in price performance, Dogecoin’s profile has continued to rise, not only for its investment value but payment value.
BitPay’s Chief Commerical Officer, Sonny Singh, has in an interview with Bloomberg revealed that Bitcoin’s payment value is drastically dropping. Retail investors are now preferring to pay with altcoins over Bitcoin, with Dogecoin leading in t
