Elon Musk Hints At Accepting DOGE at Tesla

Summary

  • The Tesla Giga event took place in Berlin
  • Elon hinted at accepting Doge for purchases at Tesla
  • DOGE saw a 10% surge in price post the event

 

The Dogefather ‘Elon Musk’ hinted at a possibility of him adding $DOGE as a payment option in Tesla. Hours later, the popular memecoin ‘DOGE’  saw a sharp incline. This is not the first time that Musk garnered attention of the crypto community.

 

 

Dogecoin was trading at $0.186. The spot trading volume of the coin also saw a meteoric rise. The coin saw a 60% increase in trade volume ~ $4 bn in 24 hours. According to data from CoinGlass, derivative trading of DOGE surged over 52%.

 

Andrew Kang – analyst at Mechanism Capital speculates that DOGE will reclaim $40 bn market cap by the end of this week.  As of now, the market cap of DOGE stand at  $26.66 bn. If Kang’s prediction turns to be true, then the memecoin stands to gain a whooping 50% gain. 

 

Elon Musk’s laissez faire with crypto has been an open secret. He has been neutral about cryptocurrencies overall. His firm holds institutional cryptocurrencies like BTC. The X head honcho has been so vocal about his faith in the memecoin that he was accused of manipulating the crypto market. However, he denied all the accusations and infact went on to invest more in DOGE.

Maybe, Musk will let the DOGE out Woof Woof Woof

 

Source: u.Today