According to Tesla CEO Elon Musk, automaker Tesla will allow Dogecoin (DOGE) to be used in the sale of some products. Elon Musk gave the news of this in a tweet he sent about half an hour ago. After the news, there was a sharp rise in DOGE price. We convey the details…
Elon Musk’s tweet raises Dogecoin price drastically
Elon Musk stated in a tweet he took today that Tesla will “make some products available for purchase with Dogecoin”. After that, “we’ll see how things go,” he said. This tweet from the Tesla CEO was enthusiastically received by the cryptocurrency community, especially the DOGE community. The price of the cryptocurrency, which is in the tenth place with a market capitalization of $ 24.6 billion, rose rapidly from $ 0.15 to $ 0.20. At the time of writing, it seems to have pulled back to $0.19.
Elon Musk has been a long time DOGE fan. He said he invested in this cryptocurrency, informed his kid that he was buying it, and even talked to DOGE’s developers for a higher yield on the network. cryptocoin.com Elon Musk, who was chosen as the person of the year by Time Magazine, drew attention to the differences between the biggest crypto money Bitcoin (BTC) and DOGE in his interview in the magazine. In his interview, Musk signaled that while Bitcoin is a good option as a store of value, it is expensive to process transactions. Instead, he thinks DOGE is a better network to process transactions.
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