- Tesla retains Dogecoin as a payment option, removing Bitcoin from its source code.
- Dogecoin’s market cap surges, making it one of the biggest cryptocurrencies.
- Elon Musk’s influence continues to impact Dogecoin’s price and market position.
Dogecoin $ 0.132504 0.51%, the meme-inspired cryptocurrency, continues to make waves in the crypto space. This week, Dogecoin added over $1 billion to its market cap, securing its position as one of the top 10 largest cryptos in the market. This surge was fueled by a 10% price increase in the past 14 days, pushing Dogecoin’s market cap to over $10 billion.
Source: CoinGecko
In a surprising twist, based on Wu Blockchain, Tesla, led by billionaire Elon Musk, has retained Dogecoin as a payment option while removing Bitcoin from its source code. This move by Tesla has sparked renewed interest in Dogecoin, contributing to its recent price surge.
Musk’s tweets and public support for Dogecoin have consistently influenced the cryptocurrency’s price and market position.
Despite the ongoing volatility in the crypto market, Dogecoin’s future looks promising. The cryptocurrency’s growing market cap and Tesla’s continued support suggest a positive trajectory. As for Dogecoin’s future trading price, it’s expected to remain resilient despite market fluctuations.
Looking ahead, Dogecoin’s position in the crypto space is likely to strengthen. Its growing market cap, coupled with support from influential figures like Musk, positions Dogecoin for potential growth. As the crypto market continues to evolve, Dogecoin is poised to navigate these changes and emerge stronger.
