Elon Musk's Tweets Make Dogecoin Prices Fly Nearly 20%
Written By Bryan Gallant

Dogecoin has skyrocketed again quite a bit After Elon Musk’s tweets that Tesla merchandise is now ‘Purchasable‘ with tokens. In a tweet on January 14, 2022, Elon announced that now Dogecoin can be used as a means of payment for Tesla purchases.

This statement then brought Dogecoin to fly away that nearly 20% of the previous price. Elon Musk, also known as the founder and CEO of Tesla, has once again given a boost to the meme-inspired cryptocurrency Dogecoin. And this seems to be a breath of fresh air in the future, especially for the digital currency Crypto Dogecoin.

Elon Musk's Tweets Make Dogecoin Prices Fly Nearly 20%
Elon Musk’s Tweets Make Dogecoin Prices Fly Nearly 20%

Previously, Musk also tweeted in December saying that electric car maker Tesla would accept Dogecoin as payment for merchandise. Therefore, the price of Dogecoin immediately jumped high. Referring to CoinMarketCap data on Friday (12/1) at 14.20 WIB, the price of the meme-based cryptocurrency shot 19.08% to the position of US$ 0.2029.

Following the recent decline in all digital assets, the price of meme-coin has slumped to its lowest point since April 2021. Musk’s tweet in December 2021 about the dogecoin trial also gave him a good boost.

Last year, electric carmaker Tesla briefly accepted bitcoin payments for its products, including its cars. However, those payments immediately stalled in May 2021 after Musk voiced concerns about the environmental damage bitcoin mining was doing.

Some Tesla Products That Can Be Purchased With Dogecoin Digital Assets

Elon Musk has really kept his word, making Dogecoin a means of payment at Tesla. Buyers can now buy souvenirs such as head belts and whistles, as well as mini ATVs for children with their digital asset Dogecoin.

Citing Tesla’s official website, consumers can shop for these items online. Tesla sold ahead belt called the Giga Texas Belt Buckle for 835 Doge. Then there is also a mini ATV ‘Cyberquad for Kids’ which is sold in 12.020 Doges.

“Tesla will make some merchandise available for purchase using Doge and see how it goes,” Elon said on his Twitter account, in mid-December 2021.

In addition to Tesla, Elon Musk’s space company, SpaceX, has also announced that it will accept Dogecoin as payment for launching the ‘DOGE-1 mission to the Moon’.

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