After consolidating, DOGE is currently trading at $0.1819 and still in the green with a 13.17% rise in the last 24 hours.
Why is Dogecoin (DOGE) price rising?
The current DOGE price rise is attributed to Elon Musk’s announcement that DOGE will soon be accepted as payment for merchandise by Tesla.
The current turnaround for the meme coin that had been on a slippery slope has given DOGE holders 10% weekly gains.
Musk tweeted that Tesla will make some merchandise buyable using DOGE and see how it goes.
— أحمد (@A7imd) December 14, 2021
After the announcement, Tesla adopted the unusual way of only accepting one cryptocurrency (Dogecoin) out of all possible cryptocurrency options.
Musk ‘’person of the year’’ as declared in the Time Magazine, said that Dogecoin is better for transactions than Bitcoin, adding to the longstanding public praise record for DOGE.
“The total transaction flow that you do with Dogecoin, like transactions per day, is much higher potential than Bitcoin.”
The post Dogecoin (DOGE) skyrocketing after Elon Musk says Tesla will start accepting it as payment appeared first on Coin Journal.
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