SpaceX CEO Elon Musk has said that his space company will soon implement a payment service in Dogecoin. The meme cryptocurrency Dogecoin saw a huge jump in price as soon as this news came out. DOGE has been witnessing a steady decline in the price for the past few days but a tweet by Musk has proved to be a booster dose for this Doge-themed cryptocurrency.
Tesla company owner Elon Musk made a tweet from his Twitter handle, after which the price of Dogecoin has jumped and it has increased by 15 percent simultaneously. Musk said in his tweet, “Tesla’s Merch (merchandise) can be purchased at DOGE, soon SpaceX’s Merch will also be available.” Musk said that the company will soon start accepting DodgeCoin as a payment option. After this tweet by Musk, there was a big increase in the price of Dogecoin.
The price of Dogecoin was running in a continuous downtrend for the past few days. Looking at the price history of Dogecoin, the last time the MIME coin saw a major gain was on May 13, when its price increased by 6%. Since then there has been a steady decline in it. However, in the meantime, there was a slight increase in it at times. But Musk’s tweet has acted as a booster dose for DodgeCoin. Talking about its current price status, even today the price of Dogecoin has increased by 6.7%. At the time of writing the news, the price of Dogecoin in India remained at Rs 6.80.
Elon Musk, however, did not specify in his tweet when Dodge would be launched as a payment option. On this, his fans also asked another question. Musk was asked whether DodgeCoin can be used as a payment option for Starlink’s Internet service as well? So, Musk replied to it- “Maybe one day!” That is, in the coming time, Dogecoin payments can also start for Starlink internet service.