Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Tesla’s CEO announced early this morning on Twitter that it was accepting Dogecoin as a means of payment…not exactly for cars.
Today the crypto community of Twitter woke up to a party. Elon Musk posted at 3:18 a.m. that his electric car company, Tesla, is accepting Dogecoin as a means of payment for your merchandise. Note, it is not about cars, but only souvenirs of the brand and objects smaller than a car, such as mugs, collection carts, children’s ATVs ( cyberquad) stainless steel whistles, stainless steel whistles(cyberwhistle) and belt buckles with the logo, among other things that can be seen here.
Tesla merchandise can be purchased with Dogecoin.
Tesla merch buyable with Dogecoin
– Elon Musk (@elonmusk) January 14, 2022
Three hours later, the tweet has had more than 29 thousand retweets and more than 154 thousand “likes”.
Of course, as an immediate reaction to the announcement, the price of the puppy meme cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. jumped 13% in a short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. time, as can be seen in the chart on CryptoMarkets :
This increase occurred despite the fact that a large part of the community, the one living in the American continent, has not yet woken up and has not heard the news. Probably, the price could go up more in the next hours. Now, a price of USD $0.2, still far from its maximum price of USD $0.74, obtained on May 8, 2021.
Several well-known tweeters related to Dogecoin responded enthusiastically to Musk’s announcement.
El youtuber crypto specialist, Matt Wallace, responded with a tweet it says:
“TESLA’S #DOGECOIN ACCEPTANCE IS HUGE!!!!!! Thanks Elon! We’re live right now on YouTube covering this.”
– Matt Wallace (@MattWallace888) January 14, 2022
Meanwhile, the developer of Dogecoin Billy Markus, who writes in Twitter under the pseudonym Shibetoshi Nakamoto wrote:
Dogecoin community, you know what to do.
— Shibetoshi Nakamoto (@BillyM2k) January 14, 2022
The inverter of Tesla, Sawyer Merrit, showed in Twitter how Dogecoin already appeared as a means of payment for these products:
LATEST UPDATE: Tesla has launched Dogecoin purchases in their online store! You can buy the Cybersilbato for 300 $DOGE. The Giga Texas belt buckle is 835 $DOGE.
— Sawyer Merritt (@SawyerMerritt) January 14, 2022
Musk y Doge
As we have said on many occasions, Musk is a huge enthusiast of the puppy meme cryptocurrency and the cause over the last 18 months of both its rises and huge falls.
In fact, in December 2021 Musk made this very announcement, saying that Tesla would accept Dogecoin and in one day the price shot up 25%.
The same multi-millionaire entrepreneur has called himself theDogefather, alluding to the movie “The Godfather” and thus laughing at the power he knows he has over the price of the cryptocurrency. Of course, and despite the fact that it was a tweet pun, the price of the currency currency is a medium of exchange that defines value. went up as soon as he published the tweet.
On many other occasions the price of Dogecoin has gone up or down for a single Musk tweet, many of them in jest.
It remains to be seen how long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. their enthusiasm lasts, as the acceptance of the Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. as a means of payment last year was actually for a fairly short period of time, just two months. The billionaire backed him out given the criticisms of the high energy consumption and environmental damage of cryptomining Bitcoin, that would be at odds with the company’s postulates.
Report of DiarioBitcoin
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