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.
Elon Musk said on Twitter that his rocket company could soon follow in Tesla’s footsteps in adopting DOGE.
- Musk’s announcement boosted Dogecoin’s price by 4%.
- Tesla accepts payments in DOGE from January 2022.
- Musk did not deny the possibility of cryptocurrencies for Starlink also .
Rocket manufacturing and space travel company SpaceX will soon begin to accept the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. Dogecoin (DOGE) for merchandise payments, as reported by CEO Elon Musk in a tweet este viernes.
Tesla merchandise can be purchased with Doge, soon SpaceX merchandise as well.
Tesla merch can be bought with Doge, soon SpaceX merch too
– Elon Musk (@elonmusk) May 27, 2022
The richest man in the world took to his Twitter to inform his 95 million followers about the plans. Although Musk did not give a tentative date for the integration of payments with the popular puppy meme currency, the announcement generated a lot of excitement, especially among fans of Dogecoin .
In addition, he hinted at the possibility of Starlink the broadband internet service owned and operated by SpaceX , also accept payments in DOGE for subscriptions. “ Maybe someday “Musk replied to a Twitter user who asked him about this possibility.
Maybe one day
– Elon Musk (@elonmusk) May 27, 2022
Elon Musk y Dogecoin
Tesla Elon Musk’s other company dedicated to the manufacture and sale of electric cars, began accepting payments with Dogecoin at the beginning of the year. In addition to cars, users can purchase all kinds of merchandise of the brand. Tesla con la criptomoneda. En ese momento, el multimillonario también acudió a Twitter to inform the measure, provoking a flurry of reactions.
The most recent suggestion that the well-known entrepreneur’s aerospace company may also adopt cryptocurrencies has generated similar reactions. As of press time, the post has more than 55,000 “likes” and 7,500. retweets .
The digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. in question has also reacted to the rise, a sign that the followers of Dogecoin received the news with great optimism. According to CoinMarketCap , DOGE soars just over 4% after announcement by Musk. The digital asset, which ranks no. 10 by market an area or arena, online or offline, in which commercial dealings are conducted. capitalization, rose from USD $0.078 to USD $0.083.
This is far from the first time a Musk announcement on Twitter has pushed up the price of Dogecoin . The billionaire, who is a big fan of memecoin, has dubbed himself theDogefather, a term that literally means the “ padre de Doge “but which also refers to the film “ The Godfather “. Often their tweets can generate dizzying movements in DOGE and the rest of the cryptocurrency market, driving up or down the prices of the assets it mentions.
March 2021, Tesla had announced the addition of payments with 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. ; but the move was scrapped two months later due to its owner’s concerns about the cryptocurrency’s environmental impact. The move, which had initially driven up the price of Bitcoin then sunk it for several months. Musk’s first announcement in which he previewed the adoption of Dogecoin on the part of Tesla generated a similar effect in December, when a tweet inflated the currency by 25%. .
- SpaceX rocket launches first cryptosatellite into space
- Tesla reiterates to SEC that it still believes in the potential of digital currencies
- Elon Musk says Twitter purchase is “temporarily suspended,” says Dogecoin “has potential as a currency”
Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva