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Dogecoin Jumps 20% After Elon Musk Says Tesla Will Accept It As Payment

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Dogecoin is the first ever meme cryptocurrency that came to existence and since then, it has found many real world applications.

dogecoin

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The richest man in the world, Elon Musk is also a strong advocate of Dogecoin.

dogecoin

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The Tesla boss himself has investments in Bitcoin, Ethereum, and Dogecoin.

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Recently, he took to Twitter to announce that his electric car company Tesla will start accepting Dogecoin as payment for some of its merch. However, at the moment it is only a pilot project and is being done to test the market.

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Elon Musk wrote “Tesla will make some merch buyable with Doge & see how it goes”

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As one might have expected, the price of Dogecoin experience a boom after Elon Musk’s tweet went viral. The ‘Dogefather’ proved it yet again that he has a massive influence over the crypto market.

dogecoin

Dogecoin Jumps 20% After Elon Musk Says Tesla Will Accept It As Payment