- Tesla’s official website now has a dedicated page for Dogecoin payments, indicating the company’s seriousness in considering cryptocurrency as a payment option.
- Elon Musk’s continuous support for Dogecoin has been influential in driving rallies for the meme-coin. His endorsement and involvement with Dogecoin have had a significant impact on its market sentiment and value.
In an interesting development, the official website of Tesla now hosts a dedicated page for facilitating Dogecoin (DOGE) payments. Basically, this page shall serve as an information hub offering insights into different aspects of the Dogecoin transactions.
It includes details on how to make a purchase with Dogecoin, what can be purchased with Dogecoin, and guidance on the amount of DOGE to enter. This development shows the seriousness that Tesla has for considering payments in Dogecoin (DOGE).
On the official page of Dogecoin payments on Tesla, visitors can explore the details of several products and services available. This action taken by Tesla demonstrates their confidence in the worth and future potential of Dogecoin. It could lead to more people wanting to use and accept this cryptocurrency.
When a well-known and influential company like Tesla endorses a cryptocurrency like Dogecoin, it can have a big impact on how people view its value and overall market sentiment.
Elon Musk’s support for Dogecoin Continues
World’s richest man and billionaire Elon Musk has been one of the most ardent supporters of Dogecoin (DOGE) and has tweeted about the same several times in the past. His endorsement for Dogecoin has led to multiple rallies in the dog-themed memecoin.
Despite the ongoing regulatory scrutiny on cryptocurrencies, especially regarding the classification of some tokens as securities by the SEC, Elon Musk has reaffirmed his strong support for the memecoin.
Earlier this year in April 2023, Elon Musk made a bold choice to replace Twitter’s logo with the Dogecoin logo, showing his strong support for the digital asset. This move stirred a major storm among Dogecoin (DOGE) leading to a strong price rally for the memecoin.
Musk has been quite an influential figure in the crypto space and his endorsement of the dog-themed cryptocurrency has led to major price rallies in the past. At one point, Elon Musk also noted that Dogecoin is better than Bitcoin for use as a daily payment cryptocurrency.
However, the recent development hasn’t provided enough catalysts for Dogecoin (DOGE) to trigger a price rally. As of press time, Dogecoin (DOGE) is trading 1.71% down at a price of $0.06664. At a market cap of $9.3 billion, DOGE is still the eighth-largest cryptocurrency by market cap.
Dogecoin was one of the top performers in the 2021 bull and still occupies a place among the top ten cryptocurrencies still now.
