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Dogecoin gains 25% after Elon Musk confirms Tesla will accept DOGE for merchandise
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Dogecoin (DOGE) saw a sudden price increase on Dec. 14 after Elon Musk announced that Tesla would begin accepting it for some purchases.
Data from Cointelegraph Markets Pro and TradingView showed DOGE/USD climbing over 25% to become the only major cryptocurrency to deliver gains on the day.
The meme-based altcoin had followed Bitcoin (BTC) and other large cap tokens downwards over the course of the week, but the turnaround gave DOGE holders 10% weekly gains.
The move came after Tesla CEO Musk announced that the auto maker would soon begin accepting DOGE for merchandise.
"Tesla will make some merch buyable with Doge & see how it goes," he tweeted.
Tesla will make some merch buyable with Doge & see how it goes
In doing so, Tesla adopts the unusual
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