- The price of Dogecoin increased by over 25% at 5:35 AM ET today. This is why it happened.
The price of Dogecoin increased by over 25% at 5:35 AM ET today. Investors appear to be responding to a tweet from Tesla and SpaceX CEO Elon Musk.
In the tweet, Musk said that Tesla will make some of its merchandise buyable using Dogecoin. Below is the tweet:
Tesla will make some merch buyable with Doge & see how it goes
— Elon Musk (@elonmusk) December 14, 2021
Before the tweet, Dogecoin was trading at about $0.159202 and then it spiked to $0.199557.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.