DOGE Declines Following Dogecoin Car Crashing In NASCAR

0
123
DOGE
DOGE

A racecar donning the symbol of DOGE had a spectacular crash after hitting the wall on Saturday. The coin’s also had a torrid time in the crypto markets as it seemed to be repeating the performance of its race car.

The Crash In Fortune For DOGE

On Saturday, the Nashville Race of NASCAR’s Xfinity Series took place. There, a car had turned up which Dogecoin had sponsored. However, what awaited the participation was a disaster as the car smashed into the barriers on the 70th lap. The car had the DOGE logo emblazoned on the front hood of the Chevrolet Camaro. Stefan Parsons was the man behind the wheel. NASCAR even tweeted about the crash with a sad emoji.

Faithful fans had been looking forward to the race. On Twitter, the hashtag #dogecar was trending on 19th June, as the hours were leading up to the race. The race car was number 99. Its photos that showcased the Shiba Inu plastered on the hood of the vehicle had plenty of shares.

However, the accident happened, and that ended the race for the Dogecar. In the race, it could unfortunately only manage last. Nevertheless, supporters were thankful because of the coverage the car received.

In the markets, the coin has suffered a similar trajectory. In the span of the weekend, the price has fallen by 14% ending with the lowest point of about $0.26 on Sunday from $0.30. Over the previous two weeks, the coin has lost more than 30%. It is also down by 64% from 8th May ATH that was $0.73.

This was not the first Dogecar, however. In 2014, Josh Wise had crowd-funded $55,000 for his entrance with a similar car. In other news, Landon Cassill, a driver in the Xfinity Series, had recently signed an agreement to be paid partly in Litecoin and Bitcoin