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 Collection (NXS) inventory automotive race, KNWA and Fox24 reported Tuesday.
What Occurred: The mascot of the joke cryptocurrency — a Shiba Inu canine — will experience together with driver Stefan Parsons.
The automotive’s essential sponsor Sean Taylor, CEO of Springrates mentioned he has currently “been obsessive about studying extra about blockchain and the way forward for decentralized foreign money.”
“I had the thought of together with Dogecoin on the automotive for this race whereas chatting with Stefan following the season opener in Daytona,” revealed Parsons, in keeping with KNWA and Fox 24.
“It was ironic as a result of on the time, I wasn’t conscious his dad’s group beforehand ran the Dogecoin automotive in 2014. Possibly it was destiny.”
Why It Issues: DOGE co-founder Billy Markus wrote an open letter on Reddit in February by which he famous a few of the sporting events that the cryptocurrency has been concerned with — together with Nascar and the Jamaican Bobsled group.
The meme-themed cryptocurrency has soared 838.01% because the 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% larger at $49,383.10.
A new release of Dogecoin Core was introduced on Feb. 28, which incorporates “essential efficiency enhancements.”
Picture by TaurusEmerald on Wikimedia
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