Dogecoin is rising in popularity. At the beginning of 2021, Dogecoin traded at just about $0.0047. Since January, Dogecoin has rocketed in value jumping to over $0.72. Following Elon Musk’s appearance on SNL, Dogecoin cooled and now trades at around $0.42 – still an enormous increase in just a few months.
All of this volatility and notoriety appears to be boosting interest in the cryptocurrency that was started as a joke and is now valued at over $14 billion. Heck, even adult sites are seeing an uptick in Dogecoin utilization.
CI has received a note from adult cam platform Stripchat – a service that reports over 400 million monthly users. According to Srtipchat, today – 20% of model payouts are being executed via cryptocurrency and a growing percentage of these payouts are in Dogecoin.
In the last 30 days, Stripchat has seen a massive spike in monthly payments using Dogecoin, reportedly a 500% increase since February.
While Doge trails more popular cryptos like Bitcoin (49.86%) and Ethereum (18.3%), the dog is catching up.
Another interesting factoid shared by Stripchat, recently, a record-breaking single tip on Stripchat hit $100,000. And it was completed with a crypto deposit.