Dogecoin (DOGE) Price Surges 15% After Elon Musk Says You Can Now Use Coin to Buy Tesla Merchandise

January 14, 2022 5:51 AM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Dogecoin (DOGE) price is up more than 15% today after Elon Musk confirmed that the meme digital asset is now accepted by Tesla (NASDAQ: TSLA) for buying merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

This is the second time that the DOGE price soared on the same subject. Dogecoin price soared earlier when Musk announced the coin will be allowed to buy Tesla merchandise.

Dogecoin price was trading at $0.06 in April last year before a series of tweets from Musk, including calling the digital asset the “people’s crypto” sent it soaring to now trade around the $0.20 handle.

By Senad Karaahmetovic | senad@streetinsider.com



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Cryptocurrency

Related Entities

Tesla, Senad Karaahmetovic