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

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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Retail Investor Demand Surges Back into Positive Territory

chest

Bitcoin retail investor demand has rebounded significantly, indicating renewed interest after a previous decline.

user avatarKaterina Papadopoulou

Santiment Updates Ethereum Development Activity Rankings

chest

Onchain analytics firm Santiment has shared updated rankings of Ethereum-based projects, focusing on Development Activity, which measures the work done by developers on public GitHub repositories.

user avatarMaya Lundqvist

Ethereum Open Interest Surges Despite Price Drop

chest

Ethereum Open Interest has surged, indicating new positions in the derivatives market despite a decline in ETH spot price.

user avatarLeo van der Veen

US Leads Crypto Inflows with European Support

chest

The United States led the inflows into crypto investment products, with significant participation from European countries, indicating steady institutional interest.

user avatarLi Weicheng

Bermuda Collaborates with Stellar Development Foundation for Infrastructure Growth

chest

The government of Bermuda is partnering with the Stellar Development Foundation to enhance its infrastructure capabilities.

user avatarAisha Farooq

Sejm Reviews Competing Crypto Bills Amid Controversy

chest

The Sejm of Poland is reviewing four competing bills to regulate the cryptocurrency market, following a veto of earlier legislation by President Karol Nawrocki. The debate includes proposals from both government and opposition parties, with discussions on the controversial firm Zondacrypto.

user avatarTenzin Dorje

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.