Elon Musk Announces Dogecoin (DOGE) Adoption at Tesla, Ignites Memecoin Explosion

Elon Musk Announces Dogecoin (DOGE) Adoption at Tesla, Ignites Memecoin Explosion
Cryptocurrency News
Like? Do Rank It! Likes

Tech billionaire elon musk is again to him, sending dogecoin (doge) price skyrocketing with a single, five-word tweet.

on thursday night, the tesla ceo tweeted confirmation of much-anticipated news: tesla customers can now purchase merchandise with the original memecoin.

the announcement was no surprise as musk confirmed plans last month to begin accepting the dog-themed crypto as payment for select merch.

tesla’s dogecoin support page confirms the news, stating,

“all eligible tesla products will be clearly priced in dogecoin. 

The price will include applicable taxes."

only certain merchandise items are available for doge payments, such as the giga texas belt buckle (835 doge), cyberwhistle (300 doge) and the cybertruck-inspired cyberquad for kids (12020 doge

In response to the news, DOGE surged 23% from a low of $0.16 on a 24-hour basis to a high of $0.20 on a 24-hour basis.

dogecoin has since corrected slightly and is trading for $0.19 at time of writing, a 16.24% increase over the past 24 hours.