Tech billionaire Elon Musk is at it again, sending Dogecoin (DOGE) prices soaring with a simple, five-word tweet.
On Thursday night, the Tesla CEO tweeted confirmation of much-anticipated news: Tesla customers can now purchase merchandise with the original memecoin.
Tesla merch buyable with Dogecoin
— Elon Musk (@elonmusk) January 14, 2022
The announcement was no surprise as Musk confirmed plans last month to begin accepting the dog-themed crypto as payment for select merch.
Tesla’s Dogecoin support page confirms the news, stating,
“All eligible Tesla products will be clearly priced in Dogecoin.
This price will include any applicable taxes.”
In response to the news, DOGE jumped 23% from a 24-hour low of $0.16 to a 24-hour high of $0.20.
Dogecoin has since corrected slightly and is trading for $0.19 at time of writing, a 16.24% increase over the past 24 hours.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Almujaddidi