A day after Musk’s tweet if Tesla should accept Dogecoin as Payment and later on revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars.
Elon Musk tweeted “Working with Doge devs to improve system transaction efficiency”, vaulting dogecoin from $0.44 to $0.53 on Binance exchange. While among major exchanges including, FTX, Bitfinex, Poloniex and Gemini are posting around 13% gains over a 24-hour period. The increase came over as other major crypto was bleeding.
Doge started as a joke in 2013 by creators Jack Palmer. Dogecoin is also famous as a meme coin and some believe that without Elone Musk tweet Dogecoin is unlike to survive, however after his tweet now we know that serious backend improvisation is going on. Since then Doge is gaining popularity and celebrity endorsements from Snoop Dog and Kiss’s Gene Simmons.
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