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Electric vehicle company Tesla started accepting Dogecoin for merch as Elon Musk tweeted today.
After the news went public, the Dogecoin price has increased. In the last 24 hours, the price went up by around 13% and currently trades at around $0.19.
Tesla merch buyable with Dogecoin
— Elon Musk (@elonmusk) January 14, 2022
Currently, DOGE ranks 11 as the largest crypto with a market cap of over $25.6 bln.
Last month Elon Musk tweeted that Tesla would allow DOGE payments and see how things work out.
Elon Musk is a huge Dogecoin supporter. He often mentions the token in his tweets. In one of his recent interviews, he compared Bitcoin and Dogecoin. According to Musk, BTC better serves as a store of value and DOGE is suitable for financial activities.
More companies started to accept DOGE as a means for payments. Recently, real estate company Harbor Custom Development joined the list.