• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Monday, February 6, 2023
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Dogecoin gains 25% after Elon Musk confirms Tesla will accept DOGE for merchandise

wireopedia memeber by wireopedia memeber
December 14, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

DOGE will be the only cryptocurrency that Tesla currently supports once payments begin.

Dogecoin (DOGE) saw a sudden price increase on Dec. 14 after Elon Musk announced that Tesla would begin accepting it for some purchases.

You might also like

Get Ahead of the Game and Tap into the Future of Carbon Credits with This New Crypto

AI Tokens Lead Crypto Market Gains As Institutional Investors Bet Big On The Technology

Why Crypto Could Face “First Real Recession”, Analyst Suggests

DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed DOGE/USD climbing over 25% to become the only major cryptocurrency to deliver gains on the day.

The meme-based altcoin had followed Bitcoin (BTC) and other large cap tokens downwards over the course of the week, but the turnaround gave DOGE holders 10% weekly gains.

The move came after Tesla CEO Musk announced that the auto maker would soon begin accepting DOGE for merchandise.

“Tesla will make some merch buyable with Doge & see how it goes,” he tweeted.

Tesla will make some merch buyable with Doge & see how it goes

— Elon Musk (@elonmusk) December 14, 2021

In doing so, Tesla adopts the unusual position of accepting only Dogecoin out of all possible cryptocurrency options. Musk risks irking Bitcoin proponents in particular, having previously allowed then disqualified BTC purchases for Tesla vehicles over alleged environmental concerns.

After being declared TIME Magazine’s “Person of the Year” this week, Musk declared that Dogecoin is “better suited for transactions” than Bitcoin.

“The total transaction flow that you do with Dogecoin, like transactions per day, is much higher potential than Bitcoin,” he said, adding to a longstanding record of public praise of DOGE.

Dead dog bounce?

Zooming out, however, the mood among analysts is bleak when it comes to a broader altcoin resurgence.

Related: Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC

With Bitcoin maintaining its 40% market cap dominance while itself failing to reverse its downtrend, little hope currently circulates when it comes to fresh gains for bagholders — at least this year.

“Starting to get some June/July feelings on the markets in which we’re just chopping around, slowly consolidating towards a bottoming structure, while the mass is waiting for a lower level to be hit, which they’ll probably miss,” Cointelegraph contributor Michaël van de Poppe forecast in more optimistic commentary Wednesday.

After consolidating, DOGE/USD was back below the $0.20 mark at the time of writing.

Read Entire Article
Tags: BlockchainCoin SurgesCointelegraphCryptocurrenciesMarket StoriesTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

Get Ahead of the Game and Tap into the Future of Carbon Credits with This New Crypto

by wireopedia memeber
February 6, 2023
0

Investors are rushing to secure the limited, discounted tokens of one of the hottest crypto presales of 2023, a highly touted green crypto start-up called

Read more

AI Tokens Lead Crypto Market Gains As Institutional Investors Bet Big On The Technology

by wireopedia memeber
February 6, 2023
0

Ever since the launch and popularity of Open AI’s ChatGPT, AI tokens have been doing incredibly well in the market This performance has continued despite the crypto market...

Read more

Why Crypto Could Face “First Real Recession”, Analyst Suggests

by wireopedia memeber
February 6, 2023
0
Why Crypto Could Face “First Real Recession”, Analyst Suggests

The crypto market capitalization has been moving in the red over the past few days following an impressive rally Large digital assets were seeing week after week of...

Read more

Yuga Labs settles case with developer of Ryder Ripps’ copycat project

by wireopedia memeber
February 6, 2023
0

A developer of a controversial NFT project spearheaded by Ryder Ripps has settled with Yuga Labs The post Yuga Labs settles case with developer of Ryder Ripps’ copycat...

Read more

Bitcoin dominates as primary focus for digital asset investors: Report

by wireopedia memeber
February 6, 2023
0

According to CoinShares, digital asset investment products saw inflows totaling $76 million last week

Read more
Next Post

Vulcan Forged Platform Suffers Security Breach, 96 Wallets Compromised

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher

October 12, 2022

Biggest Movers: LTC up 12%, Hitting a 3-Week High

November 22, 2022

Former Korean Finance Minister Joins Hashed Open Research to Promote Blockchain

August 28, 2022

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • Frantic rescue efforts continue after Turkey and Syria earthquake as number of killed rises
  • ‘Despicable’ preacher sentenced for selling £91 ‘plague kit’ to cure COVID
  • ‘A monster’: Women tell court how they were raped, controlled and degraded by ‘evil’ Met Police officer
  • Get Ahead of the Game and Tap into the Future of Carbon Credits with This New Crypto
  • AI Tokens Lead Crypto Market Gains As Institutional Investors Bet Big On The Technology

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$23,035.00-0.27%
  • ethereumEthereum(ETH)$1,647.760.44%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$328.710.67%
  • usd-coinUSD Coin(USDC)$1.000.01%
  • rippleXRP(XRP)$0.4005400.06%
  • binance-usdBinance USD(BUSD)$1.000.14%
  • cardanoCardano(ADA)$0.3939011.02%
  • dogecoinDogecoin(DOGE)$0.0921440.52%
  • matic-networkPolygon(MATIC)$1.221.53%
  • okbOKB(OKB)$44.481.79%
  • solanaSolana(SOL)$23.31-0.55%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.26%
  • staked-etherLido Staked Ether(STETH)$1,642.780.33%
  • polkadotPolkadot(DOT)$6.721.25%
  • litecoinLitecoin(LTC)$97.130.34%
  • avalanche-2Avalanche(AVAX)$20.250.33%
  • tronTRON(TRX)$0.063836-1.47%
  • uniswapUniswap(UNI)$6.85-0.78%
  • daiDai(DAI)$1.00-0.07%
  • cosmosCosmos Hub(ATOM)$14.51-0.20%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,970.00-0.26%
  • chainlinkChainlink(LINK)$7.000.30%
  • bitcoin-cashBitcoin Cash(BCH)$134.04-0.04%
  • stellarStellar(XLM)$0.0915180.06%
  • crypto-com-chainCronos(CRO)$0.080879-0.87%
  • nearNEAR Protocol(NEAR)$2.380.18%
  • filecoinFilecoin(FIL)$5.311.32%
  • algorandAlgorand(ALGO)$0.2615601.46%
  • vechainVeChain(VET)$0.0244690.51%
  • axie-infinityAxie Infinity(AXS)$11.011.09%
  • elrond-erd-2MultiversX(EGLD)$45.260.47%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001862.57%
  • compound-ethercETH(CETH)$32.96-0.07%
  • terrausdTerraClassicUSD(USTC)$0.0322892.96%
  • ftx-tokenFTX(FTT)$1.91-20.60%