The Dogecar has already been part of NASCAR since 2014 when it raced in the Talladega Superspeedway race. This was a historical moment for dogecoin supporters as the Reddit community advocating for dogecoin contributed 67million Doge (worth $55,000 at the time). This was done after the community identified that the driver of the car(#98 Moonrocket), Josh Wise needed financial support.
This year, earlier in March driver of the newly made Dogecar Pinguino, has also been delving into the NFT craze. She has been a vocal supporter of Dogecoin long before most people were aware of the currency. In addition to appreciating Elon Musk’s “influence” over the much-loved meme token.
NASCAR Xfinity Series Race in Nashville featured the “Dogecar” driven by Stefan Parsons. The Dogecar’s highly anticipated NASCAR debut ended with a crash and a sideways finish. Although this crash did end up landing it in last place, people were glad to see more hype around the cryptocurrency. Avid dogecoin followers were desperately trying to get as many eyes as possible by getting the hashtag “Dogecar” trending on Twitter. Elon Musk did not tweet anything in support of the Dogecar which came as a surprise to people who were expecting a comment from him regarding the whole event. However, this has served him well as dogecoin prices soon began to dip by a lot. Considering the trajectory of NASCAR, this is certainly not the last time we will get to see a Motor Race promoting prominent cryptocurrencies.