Dogecoin Price Rises Tesla Will Accept 'Dogecoin' For Merchandise

Rancakmedia.com – The price of Dogecoin rose 18.68 percent in the previous 24 hours, while Bitcoin fell 2.94 percent during the same time period, according to coinmarketcap.com, a worldwide crypto exchange.

SpaceX and Tesla CEO Elon Musk revealed on Tuesday that the electric car maker will accept Dogecoin for merchandise based on the test.

“Tesla will make some items shoppable with Doge & see how it works,” Musk wrote in a tweet. Dogecoin has been gaining more than 15 percent, however, Bitcoin (BTC), Ethereum (ETH) losses have continued over the past 24 hours, according to coinmarketcap.com statistics.

Bitcoin price is down 2.94 percent over the last 24 hours and is trading at $47,329.58. Meanwhile, Bitcoin's dominance in the crypto market is currently at 41.44 percent, up 0.23 percent in the previous 24 hours, according to statistics from coinmarketcap.com.

Ethereum was trading at $3,812.10 and was down 4.92 percent in the previous 24 hours, while Binance Coin (BNB) was down 5.15 percent over the same period and trading at $521.60. Solana (SOL) was trading at $155.54, down 6.82 percent, while Cardano (ADA) was down 5.15 percent to $1.24.

Coin Meme Dogecoin (DOGE)

Except for Dogecoin (DOGE) other meme currencies such as Shiba Inu (SHIB), Dogelon Mars (ELON), and Samoyedcoin (SAMO) have all seen a decrease in value in the last 24 hours.

Dogecoin was up 18.68 percent as of 5:00 p.m. and trading at $0.1962. Rival Shiba Inu was down 4.03 percent to trade at $0.00003341, Dogelon Mars was down 4.23 percent and trading at $0.000001116, while the Samoyedcoin was trading at $0.033637 and a decrease of 9.03 percent.

Coin Meme Dogecoin (DOGE)

Overall Scenario

The worldwide crypto market value was $2.16 trillion, representing a decrease of 3.23 percent in the last 24 hours, while the overall crypto market volume was $105.48 billion, an increase of 45.09 percent.

Minereum BSC (MNEB) was the biggest gainer, posting a gain of 594.08 percent; it was trading at $0.1271 at 5:00 pm. On the other hand, ShibYield Inu (SHIBYIELD) experienced the highest loss, dropping 96.87 percent; it is trading at $00000.01437.

Recent Updates

According to a December 10 presentation by B3 President Gilson Finkelsztain, Brazilian stock exchange B3 has plans to join the cryptocurrency market in 2022, according to Coindesk, a crypto information resource.

Indian crypto exchange Unocoin has announced on Monday via Twitter that Dogecoin and Shiba Inu two of these joke currencies, are now accessible for trading on their site.

Conclusion:

Price Dogecoin was up 18.68 percent in the previous 24 hours, while Bitcoin was down 2.94 percent. Elon Musk says Tesla will accept 'Dogecoin' as payment for merchandise.

Bitcoin dominance in the crypto market is currently at 41.44 percent, up 0.23 percent from Monday. The worldwide crypto market value is $ 2.16 trillion, indicating a decrease of 3.23 percent in the last 24 hours.

Overall crypto market volume was $105.48 billion, up 45.09 percent. Other meme currencies such as the Shiba Inu (SHIB), Dogelon Mars (ELON), and Samoyedcoin (SAMO) have seen their value decline.

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