Dogecoin value soars after Elon Musk says it will be accepted for Tesla goods

Cryptocurrency with shiba inu dog meme rises 15% after billionaire’s tweet about merchandise

Dogecoin, the cryptocurrency with a shiba inu dog meme, soared in value by 15% on Friday after the billionaire Elon Musk said it could be used to buy Tesla merchandise.

Dogecoin rose to $0.20 after Musk’s tweet early on Friday, and has soared by 5,859% over the past 12 months, according to data from the Coinbase website.

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