Wednesday, January 19, 2022

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The price of Dogecoin has risen since Tesla began accepting crypto mem tokens in sales of goods and other products on Friday.

Tesla CEO Ilon Mask, a well-known fan of Dogecoin, announced the decision on his Twitter account.

“A Tesla product can be purchased with Dogecoin,” Mask wrote.

Well-known cryptocurrency fan Ilon Mask announced in his tweet that Tesla will now accept Dodgecoin for certain products.

According to CoinBase, the price of Dogecoin rose 11 percent on Friday morning to 0.19 cents per token.

A review of the Tesla website showed that many manufacturers can already be purchased using Dogecoin. While not currently in stock, the company’s Cyberquad for Kids price is $ 12,020 doge, or about $ 2,300, including shipping and taxes.

Tesla’s Giga Texas belt buckle costs 835 doge, or about $ 158, while the Cyberwhistle, inspired by Cybertruck, sells for 300 doge, or about $ 57.

Mask first announced plans to adopt Dogecoin in December. At the time, the billionaire told his Twitter followers that Tesla would “be able to buy goods with the Doge and see how it goes.”

Mask has repeatedly promoted Dogecoin in recent months, once calling himself the “Dogefather” and brutally pointing to a mem token on a Saturday Night Live show last year.

Last February, Tesla bought $ 1.5 billion worth of bitcoin from its cash to “diversify and maximize revenue”. A month later, Mask announced that Tesla would accept bitcoin to buy the car.

Dodgecoin
Among the things you can buy with Dogecoin is Tesla’s “Cybersquad for Kids”. After the announcement, the cryptocurrency rose 11 percent.

But Mask later backtracked on the decision, tweeting that Tesla would no longer accept bitcoin because of concerns about the environmental impact of digital mining, which requires large amounts of electricity.

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