Dogecoin-Branded NASCAR Crashes as Badly as DOGE
21 Jun, 2021•1 min read•Altcoins
A car emblazoned with the Dogecoin logo crashed in Saturday’s NASCAR Xfinity Series Race in Nashville in a foreshadowing of what was to come for DOGE‘s price. The driver was not hurt.
Stefan Parsons' car embellished with the DOGE Shiba Inu dog crashed into the wall in Stage 2 at Nashville Superspeedway Saturday. DOGE's price subsequently endured a torrid time and is down 23% in the last 24 hours. It sits just under $0.21 at press time. The meme-inspired cryptocurrency's fans pushed the hashtag #dogecar trend on Twitter, and were naturally disappointed when Parsons' race came to a premature end. The subsequent crash in DOGE's price added insult to injury (figuratively speaking; Parsons was unhurt). Springates, a manufacturer of auto parts whose CEO is a DOGE enthusiast, sponsored Parsons' car. DOGE has a long history on the NASCAR tracks. Dogecoin fans raised 68 million DOGE in April 2014 (worth about $42,000 at the time) via a Reddit campaign to sponsor Josh Wise's Ford Fusion car. Coincidentally, Wise raced in the same team as Stefan Parsons' father Phil.