The Dogecoin-themed race car crossed the finish line after hitting the wall on Saturday. It hilariously seemed to be the perfect metaphor for DOGE’s weekend performance.
The NASCAR Xfinity Series race held in Nashville on Saturday ended with a Dogecoin-sponsored car disaster. Stefan Parsons drove a Chevrolet Camaro with the DOGE logo and hit the wall on lap 70.
The loyal fans of the meme cryptocurrency have accelerated the game. Also, the hashtag #dogecar became popular on Twitter on the eve of the June 19 event. The photo of the #99 car has the iconic Shiba Inu on the car’s hood.
However, due to an accident, Dogecar finished the race with the last place. Despite the failure, Dogecoin supporters thanked the report.
Saturday’s race was not the first time that Dogecoin’s famous cartoon dog has boarded the hood of a NASCAR car. Driver Josh Wise raised $55,000 in DOGE donations on Reddit to fund his 2014 entry. When Josh Wise ran the program, he was driving the #98 car for Phil Parsons Racing.
BJ McLeod Motorsports announced the sponsorship agreement for last weekend’s car in early March
The father of driver Stefan Parsons owned the first car team sponsored by the Governor in 2014. He said:
“Having the opportunity to run a plan that contains an incredible story from my father’s racing team is something I am very proud of.”
Xfinity Series driver Landon Cassill agreed to receive part of his salary in Bitcoin and Litecoin as part of a sponsorship with cryptocurrency broker Voyager.
Voyager finally finalized a 19-year agreement to sponsor Cassirer, starting with the weekend race on the Nashville Highway. Cassirer confirmed that the company would pay for the transaction entirely through “various digital asset portfolios.”
In recent months, the price of Dogecoin has soared to around 30 cents but dropped again
Though, lately, Dogecoin itself also underperformed, fell 14% over the weekend, from about $0.30 to a low of nearly $0.26 on Sunday. DOGE has fallen 30% in the past two weeks and is currently down 64% from the historical high of $0.73 set on May 8.
Musk called on cryptocurrency developers to submit Dogecoin upgrade ideas. After this, Charles Hoskinson, an Ethereum co-founder, continues to create rival blockchain Cardano.
Charles Hoskinson hopes Musk’s support will help some real developers enter and start developing Dogecoin.