Elon Musk Announces Dogecoin (DOGE) Adoption At Tesla, Ignites Memecoin Explosion

Elon Musk Announces Dogecoin (DOGE) Adoption at Tesla, Ignites Memecoin Explosion 3tweeted confirmation of much-anticipated news: Tesla customers can now purchase goods with the original memecoin.

The announcement comes as no surprise as last month, Musk confirmed plans to begin accepting the dog-themed cryptocurrency as payment for select goods.

Tesla’s Dogecoin support page confirms the news, stating,

“All Tesla eligible products will be priced explicitly in Dogecoin.

This price will include all applicable taxes. ”

Only certain items are available for DOGE payments, such as Giga Texas Belts (835 DOGE), Cyberwhistle (300 DOGE), and Cybertruck-inspired Cyberquad for kids (12020 DOGE).

In response to the news, DOGE rallied 23% from a 24-hour low of $0.16 to a 24-hour high of $0.20.

Dogecoin has since corrected slightly and is trading for $0.19 at press time, up 16.24% over the past 24 hours.

Almujaddidi

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