The upcoming Nascar Xfinity Series race, the Alsco Uniforms 300, will see Stefan Parsons' car once again emblazoned with the Dogecoin logo in a bid to increase awareness.
That is not at all surprising given Springrates CEO Sean Taylor is sponsoring Parsons. Taylor is not a crypto insider, but he has made no secret of his interest in crypto and digital space.
Since the GameStop rally began, Dogecoin has been steadily going up. A few lucky endorsements have given the currency renewed development interest contributing to further value gains. Yet, the best way to make a currency popular is to ram it in people's faces, and that is what Dogecoin is doing.
However, Dogecoin's rally may be attributed to Telsa boss Elon Musk erratically tweeting about Dogecoin. Then, in the wake of the GameStop rally, the sub-Reddit that shorthanded traders succinctly asked: “Dogecoin $1?”
Dogecoin has enjoyed a steady increase in its value ever since. It all started as a joke, but Dogecoin is no joke at the upcoming Xfinity Series race. Speaking of recreational opportunities, there are quite a few places where you can use Dogecoin today to have fun.