Elon Musk did it again: after an announcement, Dogecoin took off 25% and returned to the top 10 of cryptocurrencies

Elon Musk did it again: after an announcement, Dogecoin took off 25% and returned to the top 10 of cryptocurrencies

Following the news, the cryptocurrency jumped up to 24%, to $ 0.195. Tesla also sells products such as clothing, belt buckles, mini-models of its vehicles, miniature “Cyberquad” models for children, and the “Cyberwhistle,” inspired by its long-awaited Cybertruck.

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Tesla had previously said that I would stop accepting bitcoins for the purchase of cars, less than two months after the company began accepting the world’s largest digital currency as a form of payment.

Musk, a prolific Twitter user and cryptocurrency supporter, had asked users in May if they wanted Tesla to accept dogecoin in a poll of his favorite social network.

Previously, he said that meme-inspired cryptocurrency dogecoin was a “scam” during his guest host announcement on the television show “Saturday Night Live” in May, causing its prices to drop.

In the last week the crypto had another great triumph, when in the report “Year in Search 2021” (Year of Searches 2021) of Google Trends, Dogecoin was the fourth most popular search term of news in Google in 2021, both globally as well as separately in the United States.

The excessive rate of issuance of new dogecoins explains its very low price and gives clues that its objective is not to become a value cryptocurrency. A thesis that in the last year, due to the flood of new investors who have entered this universe, has been questioned amid constant fluctuations in price.

Source From: Ambito

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