Dogecoin leaps 25% after Musk announces DOGE payments for Tesla merch
Yashu Gola 2 minutes ago Dogecoin leaps 25% after Musk anounces DOGE payments for Tesla merch The bullish news comes months after the billionaire entrepreneur said DOGE was a better token to transact with than Bitcoin. 5 Total views Listen to article 0:00 Altcoin Watch Dogecoin (DOGE) prices rose substantially Friday as Elon Musk anounced that Tesla would start accepting it as payments for merchandise. Tesla merch buyable with Dogecoin — Elon Musk (@elonmusk) January 14, 2022 After the anouncement, DOGE price jumped nearly 13%, hitting a 30-day high a $0.2150. Its upside move came as a part of a larger intraday rally that was taking place already before Musks Dogecoin tweet went viral. The DOGE price went up by over 25% on Friday before correcting lower to $0.1986 on profit-taking. DOGE/USD hourly price chart. Source: TradingViewBetter than Bitcoin Teslas integration of a DOGE payment option on its online shopping portal came almost a month after Musk shared his willingness to accept the cryptocurrency as payment on a test basis. At the center stage of Musks love for DOGE was its “better-than-Bitcoin” features, primarily as a payment option due to its lower electricity consumption. In excerpts from Musks statements to Time Magazine he explained that: Fundamentally, Bitcoin is not a good substitute



