Elon Musk announced plans to expand the payment option for SpaceX, his space exploration company, just four months after Tesla began accepting Dogecoin for merchandise purchases.
Musk, CEO of SpaceX, Tesla and other companies, has been a strong supporter of DOGE ecosystems since 2019. He has publicly expressed interest in accepting memcoin payments to his multibillion-dollar businesses.
You can buy Tesla merch with Doge. Soon, SpaceX merch will be available too
May 27, 2022 by Elon Musk (@elonmusk).
Musk’s pro Dogecoin tweets historically have had a positive effect on DOGE’s market price as investors attempt to cash in on the hype. The recent announcement about SpaceX’s plans to accept DOGE payment for merchandise did not have a significant impact on the price in a bearish cryptomarket.
Data from TradingView and Cointelegraph Markets Pro show that DOGE lost more than 55% between 8 and 12 May and trades at $0.08077 as of the writing.
Dogecoin price chart for 1 day. Source: TradingView
DOGE gained 25% in December 2021 after Musk announced that Tesla would accept DOGE as merchandise. The entrepreneur shared his beliefs about DOGE as a better daily payment option than Bitcoin (BTC) in a similar timeframe.
Perhaps one day
— Elon Musk (@elonmusk), May 27, 2022
Musk may eventually allow DOGE payments to Starlink subscribers if everything goes according to plan.
Related: Elon Musk warns users about the latest deepfake cryptocurrency scam
Musk issued a warning about a scam in which attackers used deepfake technology and impersonated him to promote fake crypto-shilling videos.
Yikes. Do not feign me.
Elon Musk (@elonmusk), May 25, 2022
Musk shared the original deepfake video on Twitter. It promoted a cryptocurrency platform that promised 30% returns on deposits.
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