It all started with a joke. A funny meme first posted in early 2013 that consists of a photograph of a dog accompanied by text written in broken English to form an internal monologue in the dog’s mind. It was a good laugh for a while and the meme became quite a hot topic.
And from this came an idea to create a decentralized peer-to-peer payment network featuring the dog from the Doge meme as the logo, or in this case the mascot. Who knows why the meme became so popular, but the coin has flourished over the years for good reason.
Now, Dogecoin ranks in the top 5 most valuable cryptocurrencies in the world with a total market value of over $50 billion, which almost rivals Twitter’s total value of $54.3 billion and has already exceeded Ford Motors which is standing at a $48.3 billion total market value.
It’s clear that there is a demand for the use of Dogecoin from the public, and one very popular online casino and sportsbook has jumped to the occasion.
Cloudbet first opened its virtual doors in 2013 and has been one of the leaders in crypto gambling since, helping to pave the way for this young industry to take off. And it certainly has.
This major online crypto casino has acted on the demand for Doge and has now added the cryptocurrency to its already impressive list of digital currencies. To urge new players onto their platform, Cloudbet is adding a 10,000 Doge welcome package with new registrations.
“Our community is as old as Doge’s, and many members are rabid Shibes… They want Dogecoin, and we must deliver. We’re on a one-way rocket to the moon! Mars next!” said a Cloudbet spokesperson.
With Dogecoin as the new addition to their list, Cloudbet now supports a total of 12 digital currencies which includes Bitcoin, Bitcoin Cash, Ethereum, Tether, USDC, and Litecoin, to name a few. The coins available to play with at Cloudbet account for more than 80% of the total market cap of all cryptos.
Yes, there are already other casinos that have been accepting bets in Dogecoin for some time now such as BitStarz and Fortune Jack. And with Cloudbet now adding Doge to the menu, we can expect this coin to become one of the standard cryptos at online casinos in the future.
Cloudbet had launched a new and improved website in 2020 incorporating six new cryptocurrencies, political gambling, e-sports betting, virtual sports, social bet sharing, and simplified purchases of coins using credit cards.
There seems to be no shortage of innovation from this leading crypto casino and I’m excited to see in which direction they move to in the months to follow. You can learn more about this exceptional gambling platform in our Cloudbet review.