The CEO of Tesla and SpaceX on Twitter, has announced that clients can now buy Tesla Merchandise using Dogecoin, and soon SpaceX merchandise.
Every now and then, the Mogul’s tweets about the meme coin, Dogecoin, have been having a significant effect on its market price; Dogecoin has, in fact, been ranked among the top 10 cryptocurrencies by market cap, all thanks to the self-acclaimed “The Dogefather,” Elon Musk.
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Earlier this year, the CEO of the leading e-car maker made it public that its customers could start buying selected items, including Cyberquad for Kids with Dogecoin; however, it is now appearing that all products can now be purchased with the meme coin, Dogecoin.
Just after the tweet on Friday, the price of Dogecoin instantly spiked by 15.8% before giving up some gains. Within 24 hours, Elon Musk has tweeted about his favorite meme coin, although, his first tweet on Thursday only managed to push Dogecoin up its price for 26 seconds before it pared all gains.
So far in 2022, Dogecoin price has been abysmal, thanks to the self-acclaimed “ The Dogefather” who has been keeping it afloat. March this year, the Tesla CEO confirmed that he is still holding his meme coin.
Elon Musk is also in a path to acquire Twitter, an event that is expected to be a bullish development for Dogecoin. As earlier reported by MyCryptoParadise, Elon Musk suggested adding DOGE as payment option for a Twitter blue (premium) subscription so that users could pay using the meme coin.
Since Elon Musk bid for Twitter, the crypto community has been waiting for when the deal will be sealed, and hence, see the effect on the crypto market, especially Dogecoin.
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