Elon Musk is pushing Dogecoin up again.

Elon Musk is pushing Dogecoin up again.

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Elon Musk is pushing dogcoin up again.. He took action linking his company's Tesla .products, to digital currency 

Crypto currency dogcoin

 What is Currency dogcoin

The digital currency Dogecoin dates back to the end of 2013, and its logo came in the form of one of the types of dogs, which is why it was later called the electronic dog coin.

Dogecoin is similar to other digital currencies that do not exist on the ground, in a more precise sense we can not touch it in public places, and this is the nature of digital currencies in terms of being virtual currencies.

The digital currency of Dogecoin is distinguished from other electronic currencies by being more easy and flexible when dealing with it, compared to other virtual currencies.

Also characteristic of this digital currency is that it has no supervision from any company or competent authority at the international or local level, so anyone can be able to convert their own money into Dogecoin.

Since the advent of the digital currency Dogecoin online it is mainly aimed at making the best profits and investment.


Elon Musk

The value of Dogecoin, the cryptocurrency with the image of China's Eno dog, rose 15% after billionaire Elon Musk said it could be used to buy Tesla products.

The Guardian reported in a report published on Friday, January 14, 2022.

The value of Dogecoin rose to 0 0.20 after Musk's tweet Friday morning, and has already risen 5,859% over the past 12 months, according to data from Coinbase .

The work of paying Dogecoin directly on Tesla's website began shortly after Elon Musk's announcement, with prices for products such as the electric quad bike for children reaching 12,020 Doge ($2,368).

 And those with modest budgets can buy a belt buckle "Giga Texas", for a fee. 835 Doge ($156) or whistle for 300 Doge ($57).

dogcoin

Elon mask

Also, elon Musk, who often tweets about crypto currency , said in December 2021 that Tesla would soon test the acceptance of Dogecoin payments for some products, despite calling the coin a "scam" on Saturday Night Live in May of 2021.

Chris Klein, co-founder of investment firm Bitcoin IRA, said: “Elon Musk has supported the cryptocurrency community for many years. His latest announcement will usher in a new era in commerce and open the way for altcoins to expand their use.”

Elon Musk told CNBC in October: "A lot of the people I spoke to on Tesla's production lines or SpaceX's rocket building have Dogecoin, they're not financial experts or tech experts in Silicon Valley. 

That's why I decided to support Dogecoin, it felt like the people's favorite cryptocurrency, "he said.

Tesla began accepting "bitcoin" to buy its electric cars in March 2021, but the program in May due to stopped about its environmental impact.

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