Elon Musk's Tesla Now Accepting Dogecoin as Payment Option, Resulting in 20% Increase in DOGE Price

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

A recent update from Elon Musk's Tesla states that Dogecoin can now be used as a payment method for purchasing Tesla products. Following this announcement, the price of DOGE has surged by over 20%, marking an impressive rally.

Elon Musk, a known supporter of Dogecoin and the CEO of Tesla, has made it possible to pay for certain Tesla products with Dogecoin, as mentioned in the FAQs section on the Tesla website.

This decision comes shortly after Musk hinted at the potential inclusion of Dogecoin as an official payment option for Tesla vehicles in the future.

In response to this development, traders have reacted quickly, leading to a significant increase in the price of DOGE by more than 20% within the last 24 hours, reaching a value of $0.16 per coin.

Despite the excitement within the cryptocurrency community, Tesla has not yet officially confirmed if Dogecoin can be used as payment for Tesla cars.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

JUST Completes Fifth Buyback and Burn of JST Tokens

JUST has successfully completed its fifth buyback and burn of JST tokens, burning over 170 million tokens.

user avatarLi Weicheng

JST Buyback Program Achieves Major Milestone

The JST buyback program has successfully completed one year of operation, burning approximately 188 billion JST tokens across five rounds, resulting in a 300% increase in JST's price.

user avatarAisha Farooq

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.