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Altcoin

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

Tech billionaire Elon Musk is at it once more, sending Dogecoin (DOGE) costs hovering with a easy, five-word tweet.

On Thursday evening, the Tesla CEO tweeted affirmation of much-anticipated information: Tesla clients can now buy merchandise with the unique memecoin.

The announcement was no shock as Musk confirmed plans final month to start accepting the dog-themed crypto as fee for choose merch.

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

“All eligible Tesla merchandise can be clearly priced in Dogecoin. 

This price will embody any relevant taxes.”

Only sure merchandise gadgets can be found for DOGE funds, such because the Giga Texas Belt Buckle (835 DOGE), Cyberwhistle (300 DOGE) and the Cybertruck-inspired Cyberquad for Kids (12020 DOGE).

In response to the information, DOGE jumped 23% from a 24-hour low of $0.16 to a 24-hour excessive of $0.20.

Dogecoin has since corrected barely and is buying and selling for $0.19 at time of writing, a 16.24% enhance over the previous 24 hours.

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Featured Image: Shutterstock/Almujaddidi

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