English>

Crypto News

Dogecoin Spikes After Musk Asks Whether Tesla Should Accept It

MAY 12, 2021

By Yakob Peterseil

  •  Joke token rises to about 54 cents after billionaire’s tweet
  •  Tesla previously announced it would accept Bitcoin as payment


Dogecoin, the cryptocurrency started as a joke, jumped on Tuesday after billionaire Elon Musk tweeted about whether Tesla Inc. should accept it for payments.

Musk, who’s been a vocal supporter of the Shiba Inu-themed token, posted a survey on Twitter asking “Do you want Tesla to accept Doge?” Within about thirty minutes, the survey had 750,000 respondents.

Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk)May 11, 2021

The token jumped from around 46 cents to as high as 54 cents after Musk’s tweet, according to Coinmarketcap.com

The fourth-largest cryptocurrency has proved famously volatile after the Tesla CEO appeared on “Saturday Night Live” last weekend and jokingly called Dogecoin “a hustle.” Its market capitalization has fallen from as high as $95 billion to $67 billion currently.

SpaceX, Musk’s commercial rocket firm, will embark on a Moon voyage in 2022 carrying a mini-satellite from Geometric Energy Corp. that’s been paid for entirely in Dogecoin.

And it wouldn’t be Tesla’s first foray into cryptocurrencies. The company announced in March that it would accept Bitcoin as payment for its electric cars, a month after disclosing a $1.5 billion investment in the largest virtual token.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics