The price of Dogecoin (DOGE) today (January 14, 2022)jumped over 20% as Elon Musk announced Tesla merchandise can be purchased with this crypto token
“Tesla merch buyable with Dogecoin,” Tesla Inc chief Elon Musk tweeted, much to the joy of Dogecoin fans.
At the time of writing this report, Dogecoin price was up over 20% on Indian crypto exchanges, trading at Rs 16.2325.
Amid a rut in all cryptocurrency tokens since the start of the New Year, DOGE price had dropped to $0.1411 (approx. Rs 10.46) on 10th January 2022. Since then DOGE has been recovering, according to CoinMarketCap data.
Earlier in December 2021, Musk had said such use of dogecoin will be allowed on a test basis, sending the crypto token up more than 20%. Tesla chief’s tweets on Dogecoin, where he had referred to the token as “people’s crypto” had caused its price to jump around 4,000% in 2021.
(Cryptocurrencies are unregulated assets in India. Investing in crypto may result in losses. Please consult your financial advisor before making any investment decision)
(First published on January 14, 2022)