SpaceX will start accepting Musk’s favorite cryptocurrency

Following the automotive company Tesla, some of whose products can be bought for the Dogecoin (DOGE) cryptocurrency since January, SpaceX will also start accepting the largest memcoin. This led to a sharp rise in the price of the asset.

Elon Musk, CEO of both companies, announced this on his Twitter. “Tesla merch can be bought for DOGE, soon SpaceX merch too,” assured the American multibillionaire.

According to data from WhiteBIT, the largest cryptocurrency exchange in Europe, after this announcement, the cost of DOGE soared by 13.5% in 10 minutes and rose from $0.0778 to $0.0885. After that, the rate corrected and as of 12:00 on May 30, one coin is trading at $0.0855.
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However, by this point, branded products in the SpaceX online store were only available for dollars. When goods will be sold for cryptocurrency remains unknown.

In addition, the businessman allowed the introduction of Dogecoin in his other projects. This follows from his answer to the question of one of the subscribers, will he ever be able to pay for access to Starlink satellite Internet in DOGE. “Maybe one day,” Musk wrote.

He is known for his many years of support of the DOGE ecosystem, for which he was nicknamed “Dogefather”, go “Doge Dad”. He has regularly spoken favorably about this cryptocurrency since 2019.

Often the words of a billionaire have a positive effect on the rate of this coin – for example, in April, Dogecoin rose sharply in price when it became known that Musk bought a 9% stake in the Twitter microblogging network. But even the last jump in the rate could not cover the May losses of Dogecoin – memcoin is still worth 36.9% less than at the beginning of the month.

Curiously, SpaceX even scheduled the launch of the first-of-its-kind DOGE-1 lunar mission in June. Its peculiarity is that it is financed only by cryptocurrency.

As OBOZREVATEL already reported, the rate of this cryptocurrency fell by 86% over the year, although it retains the status of one of the top 10 largest coins in terms of capitalization in the world. It is worth noting that a negative trend has been observed in the crypto market as a whole since the beginning of April 2022.

We have only verified information in the Obozrevatel Telegram channel. Don’t fall for fakes!

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