Latest News

The price of Dogecoin has risen since Tesla has begun to accept DOGE for some of its products

Tesla, the electric car company, has begun to price some of its items in Dogecoin, the first joke cryptocurrency.

According to CoinMarketCap data, the price of the Shiba Inu-inspired coin has increased by more than 12%.

The DOGE emblem i adjacent to the Tesla Cyberwhistle. Then, and the “Giga Texas” belt buckle by some Twitter users earlier today. Which, includes Dogecoin co-founder Billy Markus.

Tesla does not accept Dogecoin for electric vehicles. Although the largest meme coin can theoretically be for the purchase of an electric vehicle. DOGE can be to purchase Tesla’s Cyberquad, a $1,900 quad bike built for kids.

Tesla CEO Elon Musk said in December that select items would be available for purchase with Dogecoin. Thereby, providing the cryptocurrency a big boost after months of sluggish price action.

After reviewing the website’s source code, “Tree of Alpha,”

Of course, a pseudonymous software developer, realized that Tesla is already testing a Dogecoin payment option earlier this week.

Tesla states in its FAQ section that it does not accept any other cryptocurrency but Dogecoin.

In May 2021, the e-car behemoth experimented with Bitcoin payments before abandoning them owing to environmental concerns. Despite this, the firm led by Elon Musk continues to possess the largest cryptocurrency on its books.

When compared to Bitcoin, the billionaire has said that Dogecoin is a preferable payment option.

The release of Dogecoin Core version 1.14.5 significantly decreased costs for all network members.

Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.