VALUE OF CRYPTOCURRENCY DOGECOIN SURGES AMID TESLA MERCH ANNOUNCEMENT
We have seen the value of this promising cryptocurrency Dogecoin surge after Elon Musk confirmed it could be used to purchase Tesla merch, in the past.
Elon Musk made the announcement today, January 14th and in no tume, we saw the price of Dogecoin jump almost 12%.
What is Dogecoin?
Meme-based Dogecoin was initially created as a “lighthearted alternative” to traditional cryptocurrencies such as Bitcoin and right now the crypto had grown to become one of the ten biggest cryptocurrencies by market cap, with a total value that has topped $50 billion.
Dogecoin is based on the ‘Doge Meme”, stemming from images of Shiba Inus, and was launched “as a joke” by software developers Billy Marcus and Jackson Palmer in late 2013.
Elon Musk makes Tesla merch announcement
Today, the CEO of Tesla motors tweeted:
“Tesla merch buyable with Dogecoin.”
As after the on Friday (January 14th), Dogecoin traded just above $0.2.
written by OGE EBUBE, copyright validnewstoday 2022.