- Shiba Inu and Dogecoin are among the 48 currencies added to KuCard.
- KuCoin’s Halloween special offers double cashback on new cryptocurrencies.
- Dogecoin surged 6% while Shiba crypto and Pepe lagged.
KuCoin, one of the largest centralized cryptocurrency platforms globally, has significantly expanded the range of coins supported for in-store payments. Last weekend, KuCoin’s staff announced a move to enable 48 new altcoins that can be paid for via KuCard, the exchange’s native Visa cryptocurrency card.
SHIB & DOGE in-store payments just got easier.
Previously, the Visa cryptocurrency card offered by KuCoin only accepted a few cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and blue chip stablecoins USDT and USDC. Now, Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) stand out as the biggest meme coin additions among the 48 newly supported altcoins.
KuCard also offers a 2% cashback program at stores worldwide where Visa debit cards are accepted. This offer excludes Euros (EUR) and existing KuCoin customers will only receive cashback on newly added cryptocurrencies. Titled ‘Unlock Double Cashback’, the campaign includes an additional 1% cashback promotion until November 16, 2024.
Is Dogecoin currently defying the market odds?
The recent meme coin run has been fueled by speculative interest, amid growing adoption of meme coins by exchanges and payment providers. The meme coin sector has seen its biggest rally since March 2024, as the use of leverage in cryptocurrencies reaches new levels.
This rally has been dominated by mid-cap cat-themed meme coins like Popcat (POPCAT), which has taken over some of the territory regularly held by dog-themed coins.
On Monday, most large and mid-cap meme currencies saw a double-digit cryptocurrency market correction, with the meme niche plummeting 14% in 24 hours to a market cap of $62.3 billion. Dogecoin stands out as the largest proof-of-work (PoW) network other than Bitcoin, with a massive transaction volume reaching $2 billion.
In this context, cryptocurrency analysts such as Ali Martinez mark $0.175 as the next target for DOGE, a price milestone not claimed after April 13, 2024. For this theory to hold weight, Dogecoin would need to stay above support at $0.139, as mentioned in the post. The continuous momentum of the Dogecoin price depends on the increase in large -scale investor activities and the Doge in the leverage -based derivatives market in 24 hours.
On the flip side
- KuCoin’s cryptocurrency card is currently only available to residents of the European Economic Area (EEA).
Why This Matters
With 4.5 billion cards in hand worldwide, Visa is a leading card issuer processing digital payments in 200 countries. For KuCoin’s cryptocurrency card, this transaction allows EEA residents to pay with their preferred cryptocurrency without having to convert their balance assets.
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