If all goes according to plan, SpaceX should soon accept payments in Dogecoin, as in the case of Tesla. The crypto-currency in particular will be used for its products like the Starlink subscription.
Elon Musk and cryptos, great love story
This information is not surprising. In fact, Elon Musk has been a supporter of Dogecoin since 2019. He often mentioned cryptocurrencies and especially this meme coin (especially on Twitter). The millionaire believes in the importance of crypto in the economy of the future. As such, it is keen to integrate some of these currencies into our daily payments.
Earlier this year, its company Tesla announced the possibility of using Dogecoin as payment in the brand’s stores. It was by Twitter, therefore, he reiterated, suggesting early that the meme token could also be used make payments through SpaceX.
What impact on the DOGE?
Despite Elon Musk’s announcement and his desire to modernize cryptocurrencies on a daily basis, unfortunately it was not much impact on the value of Dogecoin. In fact, even if, today, there are many cryptos in the lock, the market is still relatively bearish. Moreover, the news from Terra Luna had a strong impact on investor confidence.
During the same Musk announcement for Tesla, DOGE had increased its value by 25% last December. Elon Musk also mentioned that this crypto-currency was a better payment method than Bitcoin. This time, however, the announcement had little effect. It must be said that Dogecoin has lost more than 50% of its value in recent months, trading today 0.008 US dollars, compared to $ 0.16 last December. By the way, you can buy Dogecoin on trusted platforms like Crypto.com or Capital.com (CFD).
Musk also wanted warn your audience about the various scams associated with cryptocurrencies. Aside from the fake accounts created or the YouTube channels hacked in his name, deepfake-type videos are imitating him trying to capture individuals.
Finally, despite Dogecoin ‘s decline in recent months, Musk still seems confident about the future of cryptocurrencies and in particular its meme coins. they want to continue democracy. Will this allow Dogecoin to experience strong growth? To be continued…
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