Elon Musk’s Beloved Dogecoin Added as Tesla Payment Option
Tesla's website now lists Dogecoin (DOGE) as an official payment method for select merchandise, marking a significant milestone for the meme-inspired cryptocurrency.
The inclusion has sparked a surge in DOGE prices, climbing over 15.9% in the past 24 hours to reach $0.1623.
While Tesla only accepts DOGE for specific items in its online store, the move underscores Musk’s ongoing support for the digital asset.
Musk, known for his tweets about Dogecoin, has previously hinted at the possibility of using DOGE to purchase Tesla vehicles in the future.
Despite starting as a joke in 2013, Dogecoin has gained substantial traction, with a market value of $23 billion. Musk’s advocacy has played a pivotal role in driving DOGE’s meteoric rise, culminating in its all-time high of $0.73 in May 2021.
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With Musk’s continued interest in cryptocurrencies, particularly Dogecoin, enthusiasts speculate on the potential for DOGE to surpass the $0.20 resistance level and eventually reach the coveted $1 mark.
The addition of DOGE as a payment option on Tesla’s website further fuels optimism among Dogecoin supporters.