“Tesla merch buyable with Dogecoin.”
That single tweet by the CEO of the electric-car maker, Elon Musk, despatched meme coin Dogecoin
surging by 14% to $0.198893 on Friday. That’s towards modest losses for bitcoin
and throughout the remainder of the cryptocurrency area, in what has been a bumpy 12 months thus far for digital cash.
Musk despatched Dogecoin flying in mid December after he announced Tesla
would settle for dogecoin as fee for some merchandise. “Tesla will make some merch buyable with Doge & see the way it goes,” Musk tweeted at the time on Twitter
As for what merchandise particularly can be bought with Dogecoins, Tesla’s web site listed a cyberwhistle for 300 Doge on its web site, whereas 12020 Doge will purchase a Cyberquad for kids.
It isn’t the first time Musk has held Dogecoin fortunes in his palms. Last May, the meme coin slid 40% after the influential CEO cracked a joke about it on “Saturday Night Live.” The meme coin’s value had shot higher after Musk mentioned Tesla would cease accepting bitcoin as fee for its vehicles and mentioned dogecoin might be a greater alternative.