Dogecoin Jumps 18% After Elon Musk says it can be Used to Buy Tesla Merchandise
See Also: Tesla starts selling CyberQuad ATV worth $1900 for Kids The company’s online store displayed prices for some items—including a whistle inspired by its highly anticipated Cybertruck model (300 DOGE), an electric quad bike for children (12020) and a belt buckle (835)—in both U.S. dollars and the popular crypto token. Recommended: Tesla Android Prototype is Coming in 2022 to Take Your Place In December, Musk said Tesla would shortly be accepting dogecoin for some products and the token’s value soared nearly 20% in an hour. Musk’s social media posts are incredibly influential and have caused dramatic shifts in financial markets in the past, particularly with cryptocurrencies and assets popular with retail traders. Interest in dogecoin, one of the most volatile assets within an already volatile asset class, has tracked Musk closely, swiftly going from a joke to one of the world’s most valuable cryptocurrencies at its peak. It is currently the 11th most valuable token and has a market capitalization of over $26 billion, according to CoinGecko. Check Also: A YouTuber Makes $800 Worth of Cryptocurrency through Tesla Car Source: Forbes
