The cryptocurrencies have been taking over the business world for a while. Firstly, AMC theatres accepted Dogecoin and Shiba Inu as payments. Now, the largest EV-maker, Tesla Inc. (NASDAQ: TSLA), may have moved ahead with accepting Dogecoin ($DOGE) as a payment method.
A Twitter user tweeted that Tesla might have started accepting $DOGE token as payment. The user also attached a snapshot of Tesla’s website coding which shows Dogecoin as a method of payment for cars. However, the news is not yet confirmed by the Tesla CEO.
Tesla and Dogecoin
Earlier on December 14, 2021, Tesla’s CEO Elon Musk confirmed on Twitter that Tesla will start accepting Dogecoin as a method of payment for some merchandise.
Dogecoin was up 22% sometime after this news broke. Tesla sells merchandise such as apparel, belt buckle, mini models of its vehicles, quad bike ‘Cyberquad’ for kids and ‘Cyberwhistle’ modelled after its much-awaited Cybertruck.
Tesla had earlier stopped accepting bitcoin for car purchases citing climate change. People holding and trading doge coin have been requesting Elon Musk to accept Dogecoin to buy Tesla – Although as of now you won’t be able to buy a Tesla with it; It’s only a matter of time before they do.
$DOGE token was down by 2.67 and traded at $0.156 at 6:47 a.m. ET today. The market capitalization stood at $20.69 billion and was down by 2.67%. However, the 24-hour trading volume increased by 21.19% to $1.4 billion., In contrast, the Dogecoin supporters expect it to rally once the aforementioned news is confirmed.
Yesterday was a different trend for the crypto. Dogecoin crypto gained 5.12% and traded at $0.1566 at 7:21 a.m. ET. Moreover, its market capitalization increased by about 5% to $20.7 billion. Further, the 24-hour trading volume of the $DOGE token skyrocketed by a whopping 294% to $1.5 billion.