Just 4 months after electrical vehicl producer Tesla began accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk introduced his plan to prolong the cost choice for his house exploration firm, SpaceX.
Musk, CEO of SpaceX and Tesla, has been a staunch supporter of the DOGE ecosystem since 2019 and has since publicly revealed curiosity in accepting memecoin payments throughout his multibillion-dollar enterprises.
Tesla merch will be purchased with Doge, quickly SpaceX merch too
— Elon Musk (@elonmusk) May 27, 2022
Historically, Musk’s pro-DOGE tweets have had a right away and constructive impression on DOGE’s market costs, as traders strive to money in on the hype. However, the current revelation about SpaceX’s plan to settle for DOGE payments for merchandise had no important impact on the worth amid a bearish crypto market.
Moreover, knowledge from Cointelegraph Markets Pro and TradingView present that DOGE misplaced over 55% in worth between May 8 and May 13, buying and selling at $0.08077 on the time of writing.
In December 2021, DOGE gained 25% after Musk confirmed that Tesla will settle for DOGE for merchandise. Along with related timelines, the entrepreneur revealed his perception about DOGE being a greater on a regular basis cost choice as in contrast to Bitcoin (BTC).
Maybe sooner or later
— Elon Musk (@elonmusk) May 27, 2022
If issues work out simply as deliberate, Musk may ultimately begin permitting DOGE payments for Starlink subscriptions.
Related: ‘Yikes!’ Elon Musk warns customers towards newest deepfake crypto rip-off
Musk lately issued a public warning towards an ongoing rip-off whereby attackers have been discovered to use deepfake know-how to impersonate the entrepreneur and promote fabricated crypto-shilling movies.
Yikes. Def not me.
— Elon Musk (@elonmusk) May 25, 2022
Originally shared on Twitter, the deepfake video of Musk promoted a cryptocurrency platform boasting 30% returns on crypto deposits.
