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Tesla to Accept Dogecoin for Some Merch Purchases
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investopedia.comThe price of cryptocurrency Dogecoin (DOGE) shot up by more than 43% after Tesla, Inc. (TSLA) CEO Elon Musk tweeted that the car company was adding support for the coin to make purchases of some merchandise on its website.Tesla sells an assortment of products on its website. Examples of the merchandise are cyberwhistles, replicas of its Cybertruck, and hats.
At Coinbase, North America's biggest trading exchange by volume, the price of Dogecoin surged by roughly 44% to $0.23 in an hour this morning after Musk's tweet. It fell afterwards but is still currently changing hands at $0.20. The cryptocurrency has a market capitalization of $25.5 billion, as of this writing, and it is the ninth most valuable coin in crypto markets, according to
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