- Shiba Inu and Dogecoin are among the 48 currencies added to KuCard.
- KuCoin’s Halloween Special is offering double cashback on new cryptos.
- Dogecoin soared 6% while Shiba crypto and Pepe stayed on the sidelines.
KuCoin, one of the largest centralized crypto platforms worldwide, has substantially expanded its range of supported coins for in-shop payments. Last weekend, KuCoin’s staff announced the move to enable 48 new altcoins for payments via KuCard, the exchange’s native Visa crypto card.
SHIB & DOGE In-Shop Payments Made Easy
Previously, the Visa crypto card powered by KuCoin only accepted select cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and the blue-chip stablecoins USDT and USDC. Now, Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) stand out as the largest meme coin additions among the 48 newly supported altcoins.
Available in shops worldwide where Visa debit cards are supported, KuCard is also offering a 2% cashback program. The offer excludes Euro (EUR) while existing KuCoin customers are eligible for the cashback only on the newly added cryptos. The campaign, titled “Unlock Double Cashback,” includes an additional 1% cashback promotion until November 16, 2024.
Is Dogecoin Defying Current Market Odds?
Along with the mounting adoption cases of meme coins by exchanges and payment providers, the recent meme coin run was bolstered by speculative interest. As leverage use in crypto reaches new heights, the meme coin sector has had its greatest rally since March 2024.
The rally has been dominated by mid-cap cat-themed meme coins like Popcat (POPCAT), which claim a portion of the territory regularly owned by dog-themed coins.
On Monday, most large and mid-cap meme currencies glazed into a double-digit crypto market correction, as the meme niche plunged by 14% in 24 hours, down to a $62.3 billion market cap. Being the largest Proof of Work (PoW) network besides Bitcoin, Dogecoin stood out with a gigantic trading volume of $2 billion.
In this context, crypto analysts like Ali Martinez mark $0.175 as the next target for DOGE, a price milestone unclaimed since April 13, 2024. For this theory to hold weight, Dogecoin must sustain above the support of $0.139, as noted in the post on X. The continuous momentum for Dogecoin’s price largely depends on increasing large investor activity and DOGE’s reach in the leverage-based Derivatives market, netting $3.03 billion in 24 hours.
On the Flipside
- KuCoin’s crypto card is currently available only to residents of the European Economic Area (EEA).
Why This Matters
With 4.5 billion cards worldwide, Visa is the flagship card issuer, processing digital payments across 200 countries. In the case of KuCoin’s crypto card, the deal allows EEA residents to pay in their favorite cryptos without converting the assets on balance.
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