Crypto News
Dogecoin co-founder Billy Markus resurfaced one of the project's most-cited real-world use cases this week, telling iTrustCapital on X that his favorite crypto experience was paying for a Vegas Loop ride with DOGE. The reference points back to The Boring Company's 2022 decision to accept Dogecoin through BitPay, when a single ride ran about $1.50 and a day pass cost $2.50. Elon Musk publicly backed the integration at launch.
Why it matters
The anecdote is older than the current DOGE holder base, but it keeps the everyday-payment narrative in circulation at a moment when memecoins need every angle they can get. Markus, posting as Shibetoshi Nakamoto, framed the Vegas Loop purchase as his most crypto-native moment, a reminder that DOGE's original pitch was frictionless spending rather than a store-of-value rotation. That pitch is harder to sell while the broader market is risk-off and the Senate has delayed further consideration of the Clarity Act before the August recess. Roughly $604 million in crypto positions were liquidated in the same stretch, squeezing the memecoin complex disproportionately.
Market impact
DOGE is trading near $0.07064, up just 0.3% over 24 hours, with the session low touching $0.0693 and sellers pressing the $0.07 floor. A clean break below that level opens the $0.064 to $0.068 zone where buyers previously stepped in, while $0.08 remains the first resistance traders want to see reclaimed before a $0.10 retarget becomes plausible. Futures open interest has eased alongside the decline, which suggests leveraged longs are exiting rather than spot holders rotating in. Until DOGE creates clear distance from $0.07, the utility story is doing more work than the chart.
Frequently asked questions
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What did Billy Markus say about Vegas Loop and Dogecoin?
Posting as Shibetoshi Nakamoto on X, Markus told iTrustCapital that his favorite crypto experience was buying a Vegas Loop ride with DOGE, referencing The Boring Company's 2022 BitPay integration when a single ride cost about $1.50.
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When did The Boring Company start accepting Dogecoin?
The Boring Company added Dogecoin payments through BitPay in 2022. A single ride cost about $1.50 and a day pass cost $2.50 at launch, with Elon Musk publicly backing the integration.
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Where is Dogecoin's price right now and what are the key levels?
DOGE is trading near $0.07064, up 0.3% over 24 hours. Support sits at $0.07 with a deeper zone at $0.064 to $0.068, and the first resistance traders want reclaimed is $0.08 before $0.10 becomes a realistic target.
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Why is the broader crypto market pressuring DOGE?
The Senate delayed further consideration of the Clarity Act before the August recess, and roughly $604 million in crypto positions were liquidated during a sharp market selloff in the same window, weighing on risk assets including memecoins.
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Are futures traders still long on Dogecoin?
Futures open interest has eased alongside the recent price decline, suggesting leveraged longs are exiting the market rather than spot holders rotating in. That points to deleveraging pressure on top of ordinary spot weakness.
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