• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Emerges as Elon Musk's Cryptocurrency of Choice

user avatar

by Giorgi Kostiuk

a year ago


Tesla Inc.'s CEO, Elon Musk, has shown consistent interest in Dogecoin, dating back to 2019 when he first expressed his admiration for the cryptocurrency. Musk's tweets and positive commentary led to Dogecoin's surge in popularity and recognition among the public. Notably, Musk's recent mention of Dogecoin payments for Tesla merchandise raises speculation about the possibility of using Dogecoin for purchasing Tesla cars due to Tesla's existing infrastructure for handling Dogecoin transactions.

In addition to Dogecoin's momentum, the meme coin market has witnessed the rise of NuggetRush (NUGX), deemed a significant player by analysts. While meme coin prices have displayed an upward trend this year, investing in utility-driven coins presents advantages worth considering.

Amidst Tesla's history with cryptocurrencies, it's essential to note that despite accepting Bitcoin payments earlier on, Tesla ceased this practice due to environmental concerns related to Bitcoin mining's energy usage. As Dogecoin operates on similar technology as Bitcoin, Musk's environmental considerations raise questions about potential Dogecoin payments for Tesla cars in the future.

Musk's recent endorsements of Dogecoin have contributed to its market surge, with a 15% price increase observed this month. Whether Tesla will delve further into Dogecoin remains uncertain, yet Dogecoin has certainly cemented its position as a favored altcoin for the year 2024.

In parallel, NuggetRush has capitalized on offering tangible utility in the meme coin realm, particularly through its P2E gaming model, NFT collections, staking features, and initiatives benefiting miners in underdeveloped regions. Priced at $0.019 and equipped with promising functions, NuggetRush presents itself as an altcoin worth monitoring closely.

The ongoing support from Elon Musk indicates a potential future where Dogecoin might serve as a mode of payment for Tesla cars. Notably, NuggetRush's buzz within the meme coin market could position it as a notable contender following Musk's endorsements.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Elon Musk Launches American Party to Alter U.S. Political Landscape

chest

Elon Musk has announced the formation of the American Party, aiming to change the political landscape and restore freedom to citizens.

user avatarGiorgi Kostiuk

Cryptocurrencies with the Highest Potential in 2025: Aptos, Shiba Inu, Hyperliquid, and BlockDAG

chest

An analysis of promising cryptocurrencies for 2025: Aptos, Shiba Inu, Hyperliquid, and BlockDAG gain popularity.

user avatarGiorgi Kostiuk

Four Best Meme Coins for 2025 Attracting Crypto Whales

chest

An overview of meme coins that are being strategically accumulated by large investors due to community and growth potential.

user avatarGiorgi Kostiuk

Xiaomi's Success in EVs: A Critique of Apple

chest

Xiaomi's founder remarks on Apple during the launch of a new electric vehicle, boasting record sales orders.

user avatarGiorgi Kostiuk

Nasdaq and Bitcoin Reach New Heights as U.S. Economy Strengthens

chest

Nasdaq gained 31% while Bitcoin surged 44% in July 2025 due to U.S. economic strength.

user avatarGiorgi Kostiuk

Dogecoin Holds Strong, Mutuum Finance Attracts Investors

chest

Dogecoin remains above $0.15, while Mutuum Finance completes its presale phase with significant investor interest.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.