Tesla and SpaceX CEO Elon Musk took a new decision

Tesla and SpaceX: SpaceX will soon be able to use Dogecoin to buy merchandise

Tesla and SpaceX: Data from Trading View shows that DOGE lost more than 55 percent in value between May 8 and May 13, despite continued support from Musk

SpaceX will soon be able to use Dogecoin to buy merchandise
This time Musk’s latest announcement failed to push the price of Dogecoin up.

Tesla and SpaceX CEO Elon Musk took a new decision

Tesla and SpaceX CEO Elon Musk took a new decision showing his support for the meme-based Dogecoin. Musk has said that SpaceX will soon start accepting DOGE payments for the sale of its merchandise. The new decision comes four months after Musk’s electric vehicle (EV) company, Tesla, accepted Doge as payment in December 2021. Musk has been a strong supporter of Dogecoin and has often stated that DOGE would make a better daily payment option, unlike other cryptos such as BTC or ETH.

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Musk, 50, posted a tweet to his 95.7 million followers, announcing SpaceX’s plans to sell merchandise from its space exploration company in exchange for Dogecoin.

  • Data from Trading View shows that despite Musk’s continued support, DOGE lost more than 55 percent in value between May 8 and May 13.
  • In December, when Musk revealed that a DOGE payment option would be available for the sale of select Tesla merchandise, the price of Mimecoin was increased by 25 percent.
  • However, this time Musk’s latest announcement failed to push up the prices of Dogecoin.
  • At the time of writing the news, Dogecoin was trading at $0.000012 (approximately Rs.0.000950) after opening with a slight gain of around 3% on Monday, 30th May.
  • Responding to a comment on his tweet, Musk also indicated that DOGE payments can be taken for Starlink membership as well. It is a satellite Internet network, which claims to provide “high-speed broadband Internet in locations where access is unreliable or completely unavailable.”
  • In April this year, after acquiring a 9.2 percent stake in Twitter, the billionaire businessman revealed his plans to allow DOGE to become a payment option for the Twitter Blue service in the near future.

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