digital currency
Billionaire Elon Musk’s admiration for cryptocurrencies, especially the godfather of Dogecoin, has been decided by Dogecoin payments to buy some of his Tesla’s goods (NASDAQ:TSLA).
During the grand opening of Tesla’s factory in Austin, Texas, yesterday, April 7, an image of Dogecoins was shown at the festivities in a tribute scene that helped raise the price of Doge coins in an instant.
The Dogecoin rose in the aftermath of the concert by 4.5%, to touch $0.149467, and its market value reached $19.74 billion, and the Shiba Inu rose by 2.6% at the time.
This is the second time in less than a week that Elon has raised Dogecoin prices, and the first time was when the billionaire announced that the billionaire owns more than 9% of Twitter shares, the news that catalyzed the rise of Dogecoin by more than 10%. Crypto enthusiasts hope that Musk can push the social network to embrace the doji.
The Dogecoin is now up more than 4% to trade at $0.14863 for the symbol, while the Shiba Inu is up less than 1%.