Dogecoin Price Update (January 14, 2022): The price of a single Dogecoin (DOGE) raced up to $0.20, a surge of nearly 15 percent as Elon Musk announced Tesla merchandise is buyable with this crypto token.
“Tesla merch buyable with Dogecoin,” Tesla Inc chief Elon Musk tweeted.
Tesla merch buyable with Dogecoin
— Elon Musk (@elonmusk) January 14, 2022
Dogecoin price spiked more than 13 percent on Indian crypto exchanges, trading at Rs 14.37 at the time of writing this report.
DOGE price plunged to $0.1411 (about Rs 10.46) on 10th January 2022, amid a slump in all cryptocurrency currencies since the beginning of 2022. According to CoinMarketCap statistics, DOGE has gained some upward momentum since then.
Dogecoin currently has a market rank of 11, replacing Avalanche crypto token. In the last 24 hours, it has seen nearly 207% of the jump in its trading volume.
Adding to it, Musk has earlier confirmed that the company is “most likely” going to accept Bitcoin payment after some due diligence on the development of the energy mix used to mine the cryptocurrency.
“I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50 per cent and that there is a trend toward increasing that number, and if so Tesla would resume accepting bitcoin,” Musk said.
“Most likely the answer is that Tesla would resume accepting bitcoin,” he added.
**Prices and other variables are subject to market fluctuation. We do not promote cryptocurrency trading, and the content is simply for informational purpose. Crypto trading is subject to market risk. Do conduct your due diligence before investing.