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November 29, 2022
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Elon Musk asks the community if Tesla should accept Dogecoin

Dogecoin’s price skyrocketed 20% immediately when Elon Musk asked his followers if Tesla should accept DOGE as a payment method.

Tesla CEO Elon Musk continues to support the meme currency – Dogecoin. Tesla’s CEO asked if the electric vehicle maker should start accepting DOGE as a form of payment. Somewhat expected, the price of the token skyrocketed immediately.

The billionaire through his Twitter account asked its nearly 55 million followers whether Tesla should implement DOGE as a form of payment.

When writing these lines, only slightly less than a million people responded, with the majority saying “yes”.

As usually happens when Musk publishes about Dogecoin, the price of the asset has skyrocketed. The Shiba Inu-inspired token had problems in the $ 0.46 range, but Musk’s instant boost boosted the cryptocurrency by 20% to an intraday high of $ 0.55.

Musk’s Twitter search came at a very attractive time for the token. A few days ago, the billionaire participated in Saturday Night Live and talked about Dogecoin.

Although he did speak about DOGE, there was a “news sale” moment, and its price plummeted from $ 0.75 to less than $ 0.42 in days.

However, DOGE has been among the best performances since the beginning of the year, with a massive ROI, which came after several celebrity engagements. In addition to Musk, others who followed suit were Snoop Dogg, Mark Cuban and others.

In addition, several notable companies have allowed payments to Dogecoin for their services. However, if Tesla does continue to accept DOGE, it would be by far the largest company to do so.

Earlier this year, the electric vehicle giant allowed payment with bitcoins and even said it would keep all funds in BTC instead of converting them into cash.

Source: CryptoPotato

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