Elon Musk Confirms Dogecoin Payments For Tesla, DOGE Price to $1
Elon Musk Dogecoin Lawsuit: Musk confirmed he wants to bring back DOGE payments for Tesla merchandise. DOGE price to the moon?
Elon Musk confirmed plans to bring back Dogecoin payments for Tesla merchandise.
This follows as Elon Musk and Tesla won a class action lawsuit.
US District Judge Alvin Hellerstein dismissed the Dogecoin manipulation case against Elon Musk and Tesla this week. He stated that DOGE tweets are “aspirational and puffery”, and “no reasonable investor” should rely on them for investment decisions.
DOGE price to rally after the lawsuit and Tesla accepting Dogecoin payments.
The US district court ruled in favor of Elon Musk and Tesla in the DOGE manipulation lawsuit, dismissing the case with the judge calling the tweets “aspirational and puffery”. Following the win, Elon Musk has confirmed that he wants to bring back Dogecoin payments for Tesla, starting with merchandise. This move can become a major catalyst for sending DOGE price to $1
Elon Musk is an avid supporter of the coin and hinted at plans to integrate DOGE
As CoinGape earlier reported, the electric car company updated payment methods to include Dogecoin for its products. Tesla products can be purchased through a Dogecoin wallet only. DOGE price skyrocketed over 20% on the news.
DOGE price analysis shows the price can rally 50% after the restart of Dogecoin payments. The development has also led some to speculate on a rally to $1.
Dogecoin price jumped 1% in the past 24 hours, with the DOGE price currently trading at $0.101. The 24-hour low and high are $0.097 and $0.102, respectively. Furthermore, the trading volume has increased by 21% in the last 24 hours, indicating a rise in interest among traders.
Notably, TSLA stock price closed 3.80% higher at $214.11 on Friday as investors believe ties with crypto can fuel share prices in the future.
