Elon Musk recently carried out a poll on Twitter asking followers whether Tesla should accept Dogecoin, a cryptocurrency.
The decision by Elon Musk to set up a Twitter poll joins a long train of support for Dogecoin (DOGE) by the “Dogefather.”
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
DOGE Over BTC?
Elon Musk’s support for Dogecoin has remained unchanged. This recently manifested by him naming himself the “Dogefather” on Saturday Night Live. His SpaceX company recently had a payload, which will orbit the moon, paid for in DOGE.
However, he did call Dogecoin a “hustle” on Saturday Night Live, causing the coin to drop 40% in value. It is interesting that he’s asking about accepting Dogecoin for Tesla payments after he recently decided to have the electric car company stop taking Bitcoin. This stoppage of BTC was supposedly done due to the alleged high energy cost associated with the cryptocurrency.
About Dogecoin (DOGE)
Software engineers Billy Markus and Jackson Palmer created Dogecoin (DOGE) on December 6, 2013. They jokingly created the cryptocurrency as a payment system that is instant, fun, and also free from traditional banking fees. Besides, the token has the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.
Due to the fact it was created as a joke, DOGE was not treated in high esteem. But in the past year, its value has skyrocketed. Members of Reddit have heavily promoted the coin, attempting to get it to $1 in value. Its price has surged by roughly 19,000% over the 12 months.
Recently, Mark Cuban’s Dallas Mavericks NBA team revealed that they are accepting Dogecoin as a means of payment. Within two days after the announcement, Cuban tweeted the team had carried out 20,000 DOGE transactions.
As of the time of publication, Dogecoin price was $0.467097, with a 24-hour trading volume of $11,021,588,601 and a market cap of $61,843,900,236. DOGE price also fell by 12.9% over the last 24 hours. Besides, it has a circulating supply of 129.6 billion DOGE coins.
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