Crypto News

Elon Musk’s Tesla Has Special Dogecoin Page On Official Website

Tesla's official website has Elon Musk's favorite Dogecoin as a payment option, will prices see a hike upon this discovery?
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Elon Musk’s Tesla Has Special Dogecoin Page On Official Website

A Twitter user shared that the official Tesla website has a dedicated page providing information specifically about Dogecoin payments, including details on what can be purchased with Dogecoin, how to make a purchase, and guidance on the amount of DOGE to enter. The discovery highlights Tesla’s serious consideration of Dogecoin as a payment option, will DOGE prices see a hike upon reveal?

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Dogecoin On Tesla Website

Bought to public eye recently, Tesla’s official website features a dedicated page specifically focused on Dogecoin payments. This page serves as a resource for individuals interested in utilizing Dogecoin to make purchases from Tesla. It offers insights into the types of products that can be bought using the coin, outlines the process of making a purchase with it, and provides guidance on the appropriate amount of DOGE to enter for a transaction.

This move not only highlights Tesla’s recognition of Dogecoin as a legitimate payment option but also demonstrates the potential impact that the integration of DOGE into Tesla’s ecosystem can have on the token’s value.

Also Read: Pepe Coin Skyrockets 40%, Will SHIB, DOGE, and FLOKI Follow?

Elon Musk, the influential CEO of Tesla and SpaceX, has long been a vocal supporter of Dogecoin. His endorsement of the cryptocurrency has garnered significant attention and has even led to price rallies in the past.

Elon Musk’s Support For DOGE

In April, we reported that Musk changed Twitter’s logo to that of Dogecoin, showcasing his continued support for the digital asset. This gesture sparked immediate enthusiasm among investors, resulting in a remarkable 16% surge in DOGE’s price within minutes.

Despite the ongoing regulatory scrutiny surrounding cryptocurrencies, particularly the Securities and Exchange Commission’s (SEC) classification of certain tokens as securities, Musk has taken to Twitter to promote Dogecoin to his massive following of over 142.3 million users. Read CoinGape’s full story on Musk’s Shiling of DOGE..

Musk’s endorsement, combined with Tesla’s adoption of Dogecoin, holds the potential to exert substantial influence on the token’s value. Dogecoin (DOGE) the top memecoin by market cap is trading at $0.06617, with a 24 hour surge of 3.22% and a weekly surge of 8.64%.

Also Read: Why Cathie Wood Dumps Tesla Shares…

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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