Dogecoin Pumps As Elon Musk Says Tesla ‘Should Enable’ Purchases With Meme Coin Dogecoin surges in value as Elon Musk suggests Tesla should allow purchases with the popular meme coin.

Elon Musk, the billionaire tech entrepreneur, showed interest in accepting Dogecoin as payment for Tesla vehicles during a visit to a Tesla plant near Berlin today. In a widely shared video on Twitter, Musk expressed his desire for the tech company to enable this form of payment in the future. He mentioned that it is something that he would like to see Tesla do at some point. Dogecoin is headed to the moon. In Germany, he announced to the audience that he began investing in cryptocurrency after receiving encouragement from normal employees at Tesla and SpaceX facilities. He expressed his support for Dogecoin because he believes it to be the cryptocurrency of the people. Tesla currently allows purchases with Dogecoin for merchandise, while Bitcoin can be used to buy cars from the company. Originally created as a joke by developers to mock Bitcoin, Dogecoin (DOGE) is now the 10th largest digital asset by market cap. The logo of the coin is a popular Shiba Inu dog meme that circulated widely on the internet. However, in 2020, Musk began posting about the cryptocurrency on Twitter, causing its value to dramatically increase. The market capitalization of Dogecoin has exceeded $25 billion. Developers of Dogecoin revealed to Decrypt in 2003 that they collaborated with the billionaire to enhance the cryptocurrency and increase its use for transactions. The price of Dogecoin rose following Musk’s remarks and was trading at $0.18 earlier today according to CoinGecko data. The price has decreased to $0.17 but is still 4% higher than it was 24 hours ago. In the last month, Tesla’s investment in Bitcoin has increased by more than 115%, following their $1.5 billion investment in the cryptocurrency earlier this year.