{"id":370,"date":"2021-12-16T03:04:40","date_gmt":"2021-12-16T03:04:40","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=370"},"modified":"2021-12-16T03:04:40","modified_gmt":"2021-12-16T03:04:40","slug":"dogecoin-price-spikes-20-after-elon-says-tesla-will-accept-it-as-payment-for-merchandise","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=370","title":{"rendered":"Dogecoin price spikes 20% after Elon says Tesla will accept it as payment for merchandise"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>The recent tweet of Elon Musk accepting Dogecoin as payment for some of its Tesla Merch has greatly impacted the prices of Dogecoin. The token has surged past 20% after Musk\u2019s tweet and is currently trading at $0.1807.<\/p>\n<p>Musk has frequently supported Dogecoin and has openly talked about how it\u2019s better than most cryptocurrencies at present.<\/p>\n<p>\u201cFundamentally, bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, dogecoin is better suited for transactions.\u201d Musk said in an interview with Time Magazine.<\/p>\n<h2>Musk\u2019s tweet prompts Dogecoin prices to soar past 20%<\/h2>\n<p>This is not the first time when Musk\u2019s tweet has impacted the prices of Dogecoin. Back in August, Musk\u2019s tweet referring to Dogecoin as one of the strongest cryptocurrencies had also influenced its prices where investors saw the prices of Doge had shot up significantly after Elon Musk\u2019s tweet went viral on social media.<\/p>\n<p>Musk is often referred to as <i>Dogefather<\/i> due to his ability to influence the prices of Dogecoin via his tweets, one of his social exchanges on Twitter addressing Dogecoin as \u201cpeople\u2019s crypto\u201d had compelled the token to soar roughly 5859%.<\/p>\n<p>Dogecoin initially began trading in 2013 after seeking inspiration from a Japanese Shiba Inu meme, which inspired the currency to refer to itself as Dogecoin.<\/p>\n<p>Musk has not yet revealed the names of selected merchandise that can be purchased via Dogecoin. The electric car maker has long been a supporter of Dogecoin and has openly declared his liking for the meme currency by disclosing his private holdings that include substantial amounts of Bitcoin, Ethereum, and Dogecoin.<\/p>\n<p>The SpaceX CEO had earlier announced Bitcoin payments for Tesla but later withdrew his statement citing climate concerns. The prices of Bitcoin following Musk\u2019s tweet had plummeted 17% illustrating the stark impact that Tesla\u2019s chief holds on multiple cryptocurrencies.<\/p>\n<p lang=\"en\" dir=\"ltr\">Out of curiosity, I acquired some ascii hash strings called \u201cBitcoin, Ethereum &amp; Doge\u201d. That\u2019s it.<\/p>\n<p>As I\u2019ve said before, don\u2019t bet the farm on crypto! True value is building products &amp; providing services to your fellow human beings, not money in any form.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) October 24, 2021<\/p>\n<p>As per CryptoSlate\u00a0data,\u00a0Dogecoin, which was experiencing a sharp decline in price, rose approximately 20% following Musk\u2019s tweet. The prices of Doge at present are trading at $0.1807 while prices of Bitcoin and Ethereum have declined 1.70% and 3.01% over the past 24 hours.<\/p>\n<p>Posted In: Dogecoin, Memecoins <\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/dogecoin-prices-spike-20-after-elon-musk-says-tesla-will-accept-it-as-payment-for-its-merchandise\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent tweet of Elon Musk accepting Dogecoin as payment for some of its Tesla Merch has greatly impacted the prices of Dogecoin. The token has surged past 20% after Musk\u2019s tweet and is currently trading at $0.1807. Musk has frequently supported Dogecoin and has openly talked about how it\u2019s better than most cryptocurrencies at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=370"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/370\/revisions"}],"predecessor-version":[{"id":372,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/370\/revisions\/372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/371"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}