Dogecoin jumps after Musk tweets Tesla merchandise 'buyable' with the token


FILE PHOTO: A representation of cryptocurrency Dogecoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SINGAPORE: Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday's tweet.

Musk's tweets on the cryptocurrency, including the one where he called it the "people's crypto", buoyed the meme coin and caused it to soar roughly 4,000% in 2021. - Reuters

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
dogecoin , Tesla , Elon Musk

Next In Business News

Hartanah Kenyalang bags RM284mil construction job
Singapore's PK Green Fund raises stake in Jentayu Sustainables to 13.06%
Bursa Malaysia ends lower despite steady OPR; tech stocks lead gains
IHH hospitals in India, Singapore saw fewer patients from Middle East due to war
MOF: Govt's total 1MDB obligation amounts to RM51.4bil
Gold rises from one-week low as softer dollar lends support
THMY breaks ground on new factory, HQ in Penang
Hedge funds record best first-half performance in 13 years, sources say
Oil prices little changed as markets weigh impact of US strikes on Iran
Malaysia Airlines expands China network with direct flights to Shenzhen, Changsha

Others Also Read