The crypto-verse is home to thousands of different crypto assets. While some claim to fix what the others lack, a few others turn out to be nothing but scammy projects. But one word that seemed to be making the rounds was “ghost chain.” A prominent network, Cardano [ADA] seemed to be associated with it.
The network was called out for its limited acceptance and also for not being as popular as other assets. Things seemed to be changing as the network made its debut in NASCAR. Surprisingly Charles Hoskinson had no idea about it.
A pool operator who goes by the Twitter username “Bone Pool” decided to take Cardano into NASCAR. The car driven by Trent Barnes, a NASCAR driver had the network’s name imprinted on his car.
Cardano’s Charles Hoskinson did not seem to have an idea about the sponsorers. Therefore, he went on to enquire on Twitter. As mentioned earlier, Bone Pool went on to tweet,
“Hey, @IOHK_Charles.. Yep, that’s me.. I’m a pool operator and have worked on this car for years The Barnes family was gracious enough to let Trent blast the name and logo in attempt to find sponsors building on Cardano. The car runs the Nascar weekly series at @DominionRaceway”
It should be noted that an array of exchanges like Crypto.com featured as a sponsor for several sports clubs. However, these platforms poured in a significant amount of money to be featured. Cardano, however, seemed to be emerging as a community-driven project.
Cardano’s price and social sentiment are on the rise
In what has become a rather rare sight lately, the entire crypto market was painted in green. Several assets were bagging big gains and Cardano’s ADA wasn’t far off. The altcoin witnessed a 4 percent surge over the last hour and was trading at $0.5365, at press time.
Similar to its price, the asset’s social sentiment was witnessing a notable rise.
With the Vasil hard fork expected to go live soon, the network has been garnering immense traction. As seen in the above chart, both social mentions and engagements of the network were trying to attain the peak achieved last week.
Cardano car, driven by Nascar’s Trent Barnes, remains fascinating eyepiece
The Cardano community continues to demonstrate its commitment in several ways. This is noteworthy as Charles Hoskinson, the creator of Cardano, recently inquired about a Cardano-themed Nascar car sponsored by Cardano user “Bone Pool,” who also doubles as a pool operator. The Cardano car, driven by Nascar’s Trent Barnes, remains a fascinating eyepiece and runs the Nascar weekly series at Dominion Raceway.
Hey @IOHK_Charles .. Yep that’s me.. I’m a pool operator and have worked on this car for years The Barnes family was gracious enough to let Trent blast the name and logo in attempt to find sponsors building on Cardano .
The car runs the Nascar weekly series at @DominionRaceway— Bone Pool (@greggybone72) August 10, 2022
This is not the first demonstration of the Cardano community’s commitment. As U.Today earlier reported, the Cardano flag reached the summit of Mount Everest in May, after which Cardano founder Charles Hoskinson praised the community’s dedication, saying other projects “pay to do stuff like this.”
He tweeted then, “The difference between Cardano and the other alts. They pay to do stuff like this. The Cardano Community just does it themselves out of love for the ecosystem and philosophy. We got marketing. It’s three million strong and growing.”
Cardano’s focused Twitter account, ADA Whale, also highlighted this in a recent tweet: “Difference between Cardano and peers is we’re not shilling tech in hopes the world evolves to want to use it. We see world problems (creeping centralization, rigged elections, the unbanked, unconnected, unidentified, unfunded) and have a full package solution here. Simple as that.”
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Cardano’s Flint Wallet just unveiled a new feature of a dApp browser on both Android and iOS to promote greater usage. This makes a variety of dApps accessible on mobile devices.
IOG published the most recent statistics on the Cardano network over the weekend in its weekly development update. Ninety-three projects have just been launched on Cardano, while 1,048 projects are currently building. A total of 5.7 million Cardano native assets have been issued, while Plutus scripts have surpassed 3,000.
The number of Cardano wallets has also surpassed the 3.5 million mark. According to CoinMarketCap data, the price of ADA was $0.51, a decrease of 1.93% over the previous day.
Dogecoin is not going to the moon, then? Dogecoin emerged in 2013 as a joke. It was created by Jackson Palmer and Billy Markus to satirize the growth of altcoins by making the doge internet meme into a cryptocurrency. While it was birthed as a joke, it actually led to some practicality as its large supply and low price facilitated efficient micro-tipping content on social media. It is a derivative of Luckycoin which forked from Litecoin and uses a Scrypt algorithm. Dogecoin has 1 minute block intervals making it faster than other blockchains. Since its inception, the cryptocurrency stayed at a constant value: below one cent. In early January of 2021, each token was worth less than one cent. Then something changed. In late January, when both the GameStop and DogeCoin movements hit their stride, the value of DogeCoin shot up to 7.5 cents, well over a 10-magnification, before sliding down to 2.5 cents.
The meme-cryptocurrency Elon Musk wouldn’t stop tweeting about reached an all-time high in mid-April, crossing 10 cents for the first time. The market cap of DogeCoin — which started as a joke and is literally classified as “a meme coin” — is currently over $27.22 billion. This is the highest-ever for the cryptocurrency, and the result of a semi-ironic movement that’s involved thousands of buyers, tens of thousands of online posters and the world’s richest man, Elon Musk.
While the rally has led to occasional surges, the cryptocurrency isn’t ‘going to the moon,’ anytime soon. In the last 24 hours itself, the currency dipped over -22% according to Coindesk. The market cap, which was $34.97 billion on June 21, has now slid down to $27.22B in just the last 24 hours. While the value of the cryptocurrency hasn’t been rising over the last few weeks and slowly dipping, the major reason for the crash can be attributed to a car.
A car emblazoned with the Dogecoin logo crashed in Saturday’s NASCAR Xfinity Series Race in Nashville. Stefan Parsons, the driver’, had a car embellished with the DOGE Shiba Inu dog crashed into the wall during Stage 2 at Nashville Superspeedway. The car was sponsored by Springates, a manufacturer of auto parts whose CEO is a DOGE enthusiast. Parson escaped unhurt, according to Coindesk. The value of the cryptocurrency did not.
But not all hope is lost. Even as #cryptocrash and #dogecoin trended on Twitter, memes of investors still ‘hodl’ing on is hope that all may not be over.
Elon Musk, Tesla CEO, SpaceX boss and Dogecoin advocate, in a recent interview while at a public signing mentioned, that this cryptocurrency may be the future. In the interview, he says that “There is a good chance that crypto is the future currency of the world. Then the question is which won is it going to be? It could be multiple,” he said.
He then explains the origins of how Dogecoin was invented as a joke, essentially to make fun of cryptocurrency, and that’s the irony, explains Musk. “That the currency that began as a joke, becomes the real currency.”
In the video, he does add that, “Don’t invest your life savings into cryptocurrency. That’s unwise.”
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Photo by Logan Riely/Getty Images. Pictured: NASCAR Camping World Truck Series drivers Keith McGee (left) and Spencer Boyd (right)
What would you do if you woke up on a random weekday morning only to see an extra $181 million sitting in your cryptocurrency wallet?
Well, that’s exactly what faced NASCAR Truck Series Keith McGee on Thursday morning.
According to a tweet from McGee, the driver woke up on Thursday to a cool $181 million of SHIB in his account.
So what did McGee do?
It’s important to preface this with the fact that McGee is a part-time driver in need of sponsorship money, so much so that he recently announced the inability to secure enough funding to run next weekend’s NASCAR Camping World Truck Series finale at Phoenix Raceway.
But even with the sting of having to miss next week’s race still fresh, McGee opted for the high road, revealing to TobyChristie.com that he has contacted Coinbase, a cryptocurrency exchange, about the error with the intention of returning the funds.
At the time of writing, Coinbase has yet to reply to McGee’s contact attempts.
McGee has started five Truck Series races this season, scoring a season-best 10th-place finish at Talladega earlier this month.
McGee has also competed in the NASCAR K&N PRO Series West in recent years, totaling five starts from 2018-19.
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Keith McGee is desperately trying to return his newfound Shiba Inu fortune
NASCAR driver Keith McGee woke up to quite a surprise on Thursday: $181 million worth of Shiba Inu tokens on the balance of his Coinbase account.
In a tweet, McGee claims that this money does not belong to him, and now he wants to return it.
Hey @coinbase I woke up to having $181 million extra dollars in my account that doesn’t belong to me and I would like to return it. pic.twitter.com/tAkrDovKU6
— Keith McGee (@keithmcgee907) October 28, 2021
While he is yet to hear back from Coinbase, the 40-year-old racecar driver from Alaska told TobyChristie.com that he would keep trying to right a wrong for “as long as it takes.”
McGee’s persistence to return his accidental Shiba Inu fortune is undoubtedly laudable, but it is not clear whether he is actually capable of withdrawing the money since this could simply be a display error.
In June, a man from Georgia who goes by the name of Christopher Williamson made headlines after discovering $1.4 trillion in his Coinbase account. His exorbitant wealth came after he invested $20 in a dubious token called Rocket Bunny.
However, Williamson was not able to sell his tokens, which he intended to spend on “a megayacht shaped like a penguin.” A few days later, Coinbase explained that it was simply a display error that affected some ERC-20 tokens.
When it comes to Shiba Inu, those who have held Shiba Inu long enough could have already made an actual fortune with the cryptocurrency. An anonymous investor who purchased $8,000 worth last year is now sitting on $5.7 billion in what appears to be the fastest wealth creation story ever.
A popular NASCAR driver woke up to an unexpected sum of Shiba Inu (SHIB) in his Coinbase account but has promptly decided to return the valuable memecoins to the crypto exchange.
NASCAR driver Keith McGee is the first Alaskan to start a NASCAR race and the first disabled veteran in the history of NASCAR.
McGee is a part-time driver reliant on sponsorship funding. On Wednesday, he announced that he was unable to secure funding to participate in the upcoming NASCAR Camping World Truck Series finale at Phoenix Raceway.
“Sadly, I was unable to secure funding for the one race I have been looking forward to the most all season. With that, my 2021 season has come to an end. Thank you to all the partners that helped me reach many goals this year. Time to start working on 2022.”
McGee woke up Thursday morning to $181 million in SHIB in his Coinbase account. However, McGee wanted nothing to do with the surprise money.
“Hey Coinbase, I woke up to having $181 million extra dollars in my account that doesn’t belong to me, and I would like to return it”
Shiba Inu (SHIB) has skyrocketed since the beginning of October, capturing many traders’ attention throughout the cryptocurrency space. At time of writing, SHIB is boasting over a $40 billion market cap according to CoinGecko, up over 1,000% from its $3.62 billion market cap on the first day of October.
At time of writing, Coinbase has yet to respond to McGee about the misplaced sum.
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The 2021 Nascar season has featured a car with the Dogecoin logo of a Shiba Inu in several races.
A Voyager-sponsored car has also featured the names of several cryptocurrencies on the car.
Could a car with the popular Shiba Inu coin be the next crypto-themed Nascar?
What Happened: Shiba Inu coin (CRYPTO: SHIB) could be featured on a Nascar car driven by Landon Cassill if owners of the coin can convince Stephen Ehrlich.
Voyager Digital Ltd (OTC:VYGVF) CEO Stephen Ehrlich responded to a Twitter Inc (NYSE:TWTR) post calling for Shiba Inu to be featured on the Nascar Xfinity Series car sponsored by Voyager.
Let’s go #ShibaArmy as we are happy to put the logo on the car but show us how much you want it by opening accounts with @investvoyager @landoncassill is happy to do it!!! https://t.co/dKQ2hy7pBy
— Stephen Ehrlich (@Ehrls15) June 24, 2021
Landon Cassill became the first Nascar driver to receive their entire paycheck in cryptocurrency.
The driver is being paid via a portfolio of cryptocurrency that includes Bitcoin (CRYPTO: BTC) and Litecoin (CRYPTO: LTC). Casill and the car are being sponsored by Voyager Digital for 19 races.
Photoshoot
pic.twitter.com/WNIBlCebcW
— landon cassill (@landoncassill) June 17, 2021
Why It’s Important: Ehrlich’s response has sent off a frenzy of Shiba Inu fans and coin holders to open Voyager accounts, post screenshots on Twitter, and leave reviews of the cryptocurrency trading platform’s app.
The Dogecar driven by Stefan Parsons got a ton of publicity for Dogecoin (CRYPTO: DOGE), one of the most popular cryptocurrencies at the time.
The car crashed at the recent Tennessee Lottery 250 race, which also led to some memes and posts about the price of Dogecoin falling after the crash.
See Also: How To Buy Shiba Inu
A race featuring a Dogecoin car and Shiba Inu coin car could be must-see television for cryptocurrency fans and traders.
The Nascar Xfinity series races air on NBCSN, a unit of Comcast Corporation (NASDAQ:CMCSA).
A racecar featuring the Shiba Inu logo could also turn into a merchandising effort similar to the Dogecar.
Price Action: Dogecoin is trading at $0.239 at the time of writing, having lost 5.77$ overnight. Shiba Inu coin is trading at $0.000007144, down 1.48%.
Related Link: Doge Car Returns To Nascar: How To Get Merchandise And Bet On The Car To Win