Tesla Cars Can Facilitate Dogecoin as a Payment Options
In a recent Berlin Giga Factory event, Tesla CEO Elon Musk shocked the crypto world once again by suggesting the possibility of accepting Dogecoin as payment for Tesla Cars. Responding to a fan's inquiry about using DOGE to purchase Tesla products, Musk's response was "I think we should enable it." However, details on the timeline for implementing Dogecoin payments was not disclosed.

Musk has a history of admiring meme-based cryptocurrency, so his relationship with Dogecoin is not new. In contrast to Bitcoin's reputation as an asset used mostly by the wealthy, he emphasized at the event the attractiveness of Dogecoin as a currency for the general public. Dogecoin began as a playful digital currency that became well-known online through memes
Tesla's potential acceptance of Dogecoin for payments extends beyond speculation, as the company has already been allowing Dogecoin payments for its merchandise since January 2022. The move would further solidify Musk's support for the cryptocurrency, potentially opening up new avenues for its adoption and integration into mainstream commerce.
Impact of the Statement
The impact of Musk's latest endorsement was swift and tangible in the
markets. Following his remarks, Dogecoin's price surged from $0.172 to $0.187, representing an approximate 8% increase in value. Musk's influence on Dogecoin's market activity has been consistent, with his tweets and public statements often triggering fluctuations in its price and trading volume.
The prospect of Tesla accepting Dogecoin payments has generated excitement not only within the crypto community but also among Tesla enthusiasts eagerly awaiting further developments. While specifics on the rollout of Dogecoin payments for Tesla remain unclear, Musk's endorsement has once again demonstrated his ability to drive interest and momentum in the cryptocurrency space.
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Although Dogecoin literally made a leap to the moon on ULA’s Vulcan Centaur rocket, the price of DOGE is down 2.5% over the past 24 hours. 
In an exciting development, the popular meme-based cryptocurrency Dogecoin (DOGE) embarked on a journey to the moon through the United Launch Alliance’s (ULA) Vulcan Centaur rocket. 
Dogecoin to the Moon
Notably, the ULA launched its first Vulcan Centaur rocket to the moon today, carrying NASA’s Astrobotic Peregrine lunar lander alongside a Dogecoin replica. 
The development was confirmed today by the official X handle of the Dogecoin Foundation. 
BitMEX Sends Bitcoin on a Lunar Journey 
It is worth mentioning that Dogecoin is not the only cryptocurrency in the Vulcan Centaur rocket. The rocket also sent a replica of Bitcoin (BTC) to the moon, thanks to crypto exchange BitMEX and its founder, Arthur Hayes. 
The BitMEX founder named BTC’s historic lunar journey “Bitcoin to the Moon.” 
For context, the Vulcan Centaur rocket finally made its leap to the moon after several delays spanning five years.
Interestingly, the rocket took off earlier today without encountering any technical glitch. A video of the rocket’s launch was posted on the popular media-sharing platform YouTube. 
Dogecoin Slumps 2.5% in 24 Hours
Bitcoin and Dogecoin’s move to the moon is exactly what fans of both cryptocurrencies anticipate for the assets’ prices. Before now, “to the moon” was only used as a crypto phrase. 
It refers to the upward movement of the price of a crypto asset. However, Dogecoin has been struggling to gain momentum recently, plunging 13% over the past seven days. 
Dogecoin’s leap to the skies today did not positively impact its price. At the time of writing, Dogecoin was changing hands at $0.0787, down 2.5% on the daily chart. The meme-based cryptocurrency has surged only 9.7% in the past year.  
On the other hand, Bitcoin has recorded significant gains, soaring 165% since January 2023. The world’s largest cryptocurrency is up 5.1% in the past week and 1.4% on the daily chart. 
Dogecoin to Ascend to the Moon Again 
Meanwhile, Dogecoin’s fans could see another replica of the cryptocurrency ascend to the moon through the DOGE-1 satellite, a project developed by the Geometric Energy Corporation.  
Funded by the Dogecoin Foundation and Elon Musk’s SpaceX, the satellite will board SpaceX’s Falcon 9 rocket on its journey to the skies. In November, the National Telecommunications and Information Administration (NTIA) gave its approval for the project. 
While today’s mission did not positively impact Dogecoin’s price, fans of the cryptocurrency have speculated that the DOGE-1 mission would be different. Due to Musk’s involvement, Dogecoin fans expect the price to rally when DOGE-1 hits the skies. 
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