Musk Influential Effect: Tesla to accept Dogecoin?

Musk Influential Effect: Tesla to accept Dogecoin?

PEOPLE | May 12, 2021 | WOZINGA NEWS

Musk Influential Effect: Tesla to accept Dogecoin?

  • As Elon Musk started the poll on Twitter, it is almost three million votes.

By Marielle Petere Wozinga Journalist


Elon Musk, chief executive officer of TESLA, keeps on lifting Dogecoin with his fame, not just via a mere tweet. Now, Musk is getting serious while asking if the netizens want Tesla to accept Dogecoin payment.

Dogecoin update

As he started the poll on Twitter, “Do you want Tesla to accept Doge?”

It gains a massive “Yes” response with over 500,000 votes within 20 minutes. At the time of publication, it is almost three million votes.

Interestingly, Dogecoin’s price plummeted after Musk said some DOGE jokes on Saturday Night Live last May 8.

Meanwhile, the meme coin of Shiba Inu has more than $64 billion in market capitalization. Its all-time high price within 24-hour trading is $0.532863, according to CoinGecko.

Musk's Doge tweets

On several occasions, Musk repeatedly showed his fondness for Dogecoin. He even calls himself the “Dogefather.”

Also, his influence makes things possible for the DOGE community: from Dogecoin to the Moon, and then possibly DOGE for electric cars.

Based on the Coinmarketcap chart, the DOGE price surged suddenly when the poll has started. It went up 10% within 15-minute of trading.

Even in Google Trends, DOGE and Musk became the most search topics in Google. Besides, SpaceX admitted this week about the upcoming space mission that is Dogecoin-funded.

However, there were times that Musk’s influence could not help while DOGE continued to plummet.

DOGE prime competitor

Another coin has massive investors in China. it considered the “DOGECOIN KILLER.” And, Yes! It is the Shiba Inu coin, the SHIB.

Also, it surged by more than 120% within a 24-hour trading session. The well-known crypto exchanges have listed SHIB.

At the same time, this is the list of crypto exchanges that accept SHIB: Binance, OKEx, and Huobi. Besides, SHIB is also available in many crypto exchanges.

Currently, it shows SHIB has its charm to attract more wealthy investors not only in China but around the world. But, some believe that it becomes a threat to Dogecoin.

Do you want to invest in Dogecoin?

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