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With a market cap of $25. 2 billion, Dogecoin is the 11th most valuable cryptocurrency. Elon Musk has proved time and once again that his tweets can impact the cryptocurrency market in many ways. The billionaire showed it once again. This time he tweeted about Dogecoin. Musk wrote, "Tesla merch buyable with Dogecoin." The Tesla CEO's remark has actually sparked terrific speculation among Dogecoin fans.

It was also included as a payment alternative on the Tesla website. With a market cap of $25. 2 billion, Dogecoin is the 11th most valuable cryptocurrency. According to the Tesla site, the Dogecoin might be used to purchase items such as the Cyberwhistle, Giga Texas Belt Buckle and Cyberquad for Kids.

63. For live costs of Dogecoin, click here. Many people likewise showed their pleasure after Musk's tweet went viral. Dogecoin co-creator Billy Markus was among those who tweeted his approval of the move. The official Twitter manage of cryptocurrency exchange also posted a tweet in which a Doge was imagined riding in a Tesla vehicle.

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Matt Wallace, a crypto You, Tuber, wrote, "Tesla accepting Dogecoin is big!"Wallace also included another tweet, "Dogecoin to the moon!"Crypto influencer Nahid Hasan posted a humorous meme in reaction to Musk's tweet. Nevertheless, a few users were sceptical about Elon Musk's intentions behind this sudden move. I Found This Interesting felt that people required to be "mindful" because in the past, after such a tweet, the worth of Dogecoin increased.

Another user, too, tweeted on similar lines. A user tried positioning an order with Tesla and tweeted, "Thank you Elon! This is an unbelievable effort and the perfect way to motivate practical cryptocurrency usage."Previously, in December, Musk had tweeted that Tesla would accept Dogecoin as a mode of payment for merchandise.