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DOGE Soars 20%: Elon Musk Says Tesla Will Accept Dogecoin for Some Merchandise

George Georgiev Dec 14, 2021 11:25
The price of Dogecoin skyrocketed by 20% as soon as Elon Musk tweeted that Tesla will start accepting it for some merchandise.

Elon Musk revealed that the company he spearheads – EV giant Tesla – will start accepting Dogecoin as payment for some of its merchandise.

  • The move that many anticipated and even more have been waiting for seems to be in the making.
  • Tesla – the EV mogul spearheaded by Elon Musk – will start accepting Dogecoin (DOGE) as payment for some of its merchandise.
  • This was made clear by Musk who tweeted just now that:

Tesla will make some merch buyable with Doge & see how it goes.

  • Meanwhile,  the price for the cryptocurrency skyrocketed immediately after the tweet.
  • At the time of this writing, DOGE is trading at 0.1940, up almost 20% in the past 24 hours.
Source: TradingView

 

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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn