- Elon Musk announced in a Twitter (NYSE:TWTR) post that his space exploration company, SpaceX, will soon start accepting Dogecoin (DOGE) as payment for its merchandise.
- Musk’s announcement resulted in a price increase for DOGE almost immediately.
- The pump was somewhat short-lived as the price of Dogecoin fell down to $0.082.
The DogeFather, Elon Musk, announced in a Twitter post that his space exploration company, SpaceX, will soon start accepting Dogecoin (DOGE) as payment for its merchandise. Musk also added that his electric car company, Tesla (NASDAQ:TSLA), will also accept merch payments in DOGE.
The multibillionaire tweeted on Friday “Tesla merch can be bought with Doge, soon SpaceX merch too.” When asked whether subscriptions for Starlink, Musk’s satellite-based broadband internet system, might be payable in DOGE as well, he responded, “Maybe one day.”
As one may expect, Musk’s announcement resulted in a price increase for DOGE almost immediately. Just minutes before the tweet, the meme coin was trading at $0.078 according to the crypto market tracker, CoinGec ...