Posted 3/14/2024, 9:04:36 PM
Musk Muses on Tesla Accepting Dogecoin, Sending Meme Token on Familiar Rollercoaster
- Elon Musk suggested Tesla should accept Dogecoin, leading to an 11% surge in Dogecoin price before it later dropped back down
- This type of Dogecoin price swing following Musk's comments has happened before; volatility is common with the meme token
- It's unclear if/when Tesla would actually allow purchases with Dogecoin despite Musk's enthusiasm for the idea
- Smaller meme tokens saw bigger surges off this news given their greater potential for leveraged trading swings
- It's uncertain whether Musk will truly integrate Dogecoin as he suggests or if these are just enthusiastic comments with no action behind them