Electric carmaker Tesla, Inc. (TSLA) has begun accepting the Dogecoin (DOGE) cryptocurrency for certain merchandise on its website . The company’s CEO Elon Musk made the announcement on Twitter early Friday, Jan. 14,1 after teasing the possibility toward the end of 2021.
Read moreIs there a Tesla cryptocurrency?
Dogecoin Surges as Tesla Begins Accepting the Crypto for Merchandise Purchases. Dogecoin surged Friday after Tesla began accepting the cryptocurrency for merchandise purchases on the electric-vehicle maker’s website.
Read moreWhat cryptocurrency is Elon Musk involved with?
Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin , but he has repeatedly favoured the latter in interviews and posts on social media.
Read moreWhat is Dogecoin used for?
Dogecoin initially started as a joke based on a popular meme featuring a Shiba Inu (a Japanese breed of dog). It is based on Litecoin and uses the same proof-of-work technology. Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content .
Read moreDoes Elon Musk like Dogecoin?
When asked why he supports Dogecoin, Musk responded on Twitter: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto. “
Read moreHow much will Dogecoin go up?
Q1 and Q2 Predictions According to DOGE forecasts for 2022 provided by cryptopredictions.com, DOGE will start 2022 trading at US$0.233447. During the first quarter, the forecasted minimum price is 0.198430. The price growth is expected to rise through February, averaging US$0.234112 in the month .
Read moreCan you make money with Dogecoin?
Yes, people have indeed made plenty of money from buying Dogecoin , and although it was very much initially intended as a joke currency, if you can afford to put a small amount of money into it then it might not be such a bad idea.
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