Dogecoin Spikes 14% on Latest Elon Musk Endorsement
Shiba-Inu-inspired meme coin, Dogecoin, has spiked following the latest endorsement from billionaire Elon Musk.
On March 13, Elon Musk said that Dogecoin might be accepted as a payment method for Tesla “at some point.”
The comments came while Musk was addressing the public at a Tesla manufacturing plant in Berlin.
Musk was asked by an audience member if the electric vehicles can be bought using DOGE in the near future. “At some point, I think we should enable that,” he responded before adding, “Dogecoin to the moon.”
Elon Musk said he started endorsing DOGE after walking around his factories and talking to people on the production lines. “DOGE is the people’s crypto, so I will support it,” he said before adding that lots of rich people were supporting Bitcoin, but “If the people on the line want me to support DOGE, I’ll support DOGE.”