Dogecoin (DOGE) increases by 19% after Tesla once started accepting Crypto spoof

Share This Post

Dogecoin rose above $0.20 after the news, though it fell back later to about $0.18, according to data compiled by CoinGeckco. At the time of writing, the coin is down 3.78% in 24 hours, but up 21% over the past week.

Tesla billionaire CEO, Elon Musk, announced the development on Twitter on Jan. 14, a month after he first hinted the electric carmaker would trial the meme cryptocurrency as a payment option.


  • Musk moves market prices

  • Created as a satirical online coin, the digital asset has soared 4,000% since last year, largely driven by Elon Musk’s tweets. The billionaire loves Doge: he has described it as the “people’s crypto”. Musk also believes dogecoin is more suited for transactions compared to bitcoin.

Bitcoin rose 5% after Musk announced it as a payment option, but prices fell 12% when the plan was dropped in May 2021.

His tweets often move the prices of both cryptocurrencies. In March last year, Musk revealed that Tesla would start taking BTC for payment, but rescinded the decision two months later citing environmental concerns.

According to the Tesla website, customers can now opt to buy a selection of items using dogecoin including Tesla branded belt buckles (835 Doge or $159) and all-terrain vehicles for kids (12,020 Doge or $2,283), which are currently sold out.

The company says purchases are non-refundable and cannot be returned. If “an order is overpaid in dogecoin, the overpayment amount will not be refunded to the original form of payment,” says Tesla, adding that “it can take up to six hours for the Dogecoin network to confirm your payment.”

What do you think about this subject? Write to us and tell us! Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.


Related Posts

IOS applications that inject code into websites

Native app users can interact with websites without leaving...

Customers were discovered after anonymously donating poop site was hacked

But in an intriguing turn of events, the client—a...

Dallas College installs new security features following a 2017 shooting

After a gunman entered the school and killed 20-year-old...

For Linux 6.0, there are many changes to VirtIO

The components of the VirtIO pull for Linux 6.0...

When the CCP Cyber ​​Army attacks, the Taiwan government’s information security is strengthened

Chang Tun-Han, a spokesperson for the Taiwan Presidential Palace,...

Linux receives a new patch to address AMD Retbleed mitigation – STIBP is required with IBPB

Retbleed, a novel speculative execution attack that takes use...