Elon Musk, the CEO of Tesla, has hinted at the possibility of accepting Dogecoin (DOGE) as a form of payment for Tesla vehicles. Musk, who has been a vocal supporter of Dogecoin, made this statement during a session at Tesla’s Berlin Gigafactory in response to a question from the audience about accepting Dogecoin (one of the top 10 Altcoins) payments.
Dogecoin has shown resistance and potential for a breakout, with a 78% rally in March. It has tested a resistance level of $0.1832 since March 5, and a breakout from this consolidation could signal the start of a new uptrend. Traders and enthusiasts are closely monitoring Dogecoin’s performance in anticipation of further developments and potential price movements.
Musk has previously referred to Dogecoin as the “people’s crypto” and has received requests to make it an official payment method. However, no official statement from Tesla or Musk regarding Dogecoin as a payment option has been released.
Nevertheless, Musk’s endorsement of Dogecoin has historically had a significant impact on its market performance. Following his recent comments, Dogecoin experienced a more than 10% increase in value within a short time.
Source: BEINCRYPTO
