Elon Musk has made Dogecoin one of the means of payment accepted by Tesla Inc. This is good news for cryptocurrency investors (crypto money) with the picture of the shiba Inu dog.
Recently, Elon Musk announced that Tesla merchandise can be purchased using Dogecoin. "Tesla merch buyable with Dogecoin," he wrote on his official twitter account, Friday (1/14/2022).
Will the price of Dogecoin increase at the beginning of this year?
From the Tesla page, there are three products that can be purchased with Dogecoin. First, a head belt called the Giga Tesla Belt Buckle which is priced at 835 Dogecoin.
Next the whistle is named Cyberwhistle for 300 Dogecoin. An electric motorbike for children named Cyberquad for Kids for 12,020 Dogecoin.
From Elon Musk's upload of this announcement, the share price of Dogecoin has gone up by 20%. When this news was revealed the price of Dogecoin touched US$0.1987 per coin. Dogecoin's market cap has already crossed US$26.36 billion.
Elon Musk has a great influence on Dogecoin price movements. Several times his uploads on Twitter have raised the price of crypto money that started with this meme. Over the past year the price of Dogecoin has gone up 3,800% from the initial value of US$0.002 per coin
and currently the price of dogecoin has reached $ 0.156 and even in early 2020 the price of dogecoin touched the price of $ 0.8 this is very profitable for investors