DOGE spikes 15% on the SpaceX news of accepting the coin for merchandise payments but Elon Musk didn’t specify whether Starlink will follow along so let’s read more today in our latest Dogecoin news.
SpaceX CEO Elon Musk said that the company will soon accept Dogecoin as a form of payment and his previous comments drove the popular meme coin to surge in value in a short period of time. This time, DOGE spikes 15% after the news broke but it soon gave away most of the gains. After announcing the EV giant Tesla will accept Dogecoin as payments for some of the merchandise, the CEO doubled down in faith in the coin and revealed that SpaceX will also soon accept DOGE as a payment option:
“Tesla merch can be bought with Doge, soon SpaceX merch too.”
Musk didn’t specify when the payments option will become available to the public. When asked whether SpaceX will allow customers to pay for Starlink’s internet subscriptions with DOGE, Musk only said: “maybe one day.” SpaceX accepted DOGE as full payment for a lunar mission dubbed DOGE-1 Mission to the Moon but Musk noted that DOGE will become the first crypto in space. The biggest meme coin by market cap is trading below the $0.08 as the earlier gains spurred by the news were wiped out almost entirely.
As earlier reported, The pump was somewhat short-lived and the price of DOGE is now around $0.080 which is still a good increase of over 1% for the day for DOGE while the rest of the market is down for the day.
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Tesla’s CEO wielded strong influence over DOGE’s price since last year and after announcing the company’s strong influence over Doge’s price after announcing the $1.5 billion BC purchase in 2021, he followed up with a series of bullish tweets about the cryptocurrency that coincided with the rise to the top three cryptos by market cap.
A few months before that, the DOGE killer Shiba Inu dropped when Musk revealed that he owned none of the tokens. The CEO’s love for DOGE is evident as he even once suggested that Dogecoin was superior to BTC as a medium of exchange because of the higher transaction throughput.
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