Tesla Plans to Reinstate DOGE Payments
Elon Musk and Tesla emerged victorious in the US district court ruling on the Dogecoin manipulation lawsuit. The judge dismissed the case, deeming Musk’s tweets as “aspirational and puffery.” Subsequently, Musk expressed his intent to reintroduce Dogecoin payments for Tesla merchandise.
Musk confirmed his plan to reinstate Dogecoin payments for Tesla merchandise following a post by Sir Doge of the Coin. While initially limited to merchandise, there are potential plans to extend DOGE payments to Tesla vehicles. Musk has consistently advocated for DOGE, including at a recent event at the Giga Berlin facility.
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The recent legal win is expected to boost DOGE adoption, as Musk’s support may lead to wider acceptance and its integration into payment systems.
US District Judge Alvin Hellerstein dismissed the Dogecoin manipulation case, emphasizing that Musk’s DOGE tweets should not be relied upon for investment decisions.
Following the news, DOGE price surged by over 20%. Some analysts speculate a potential 50% rally and even a surge to $1. Currently, DOGE is trading at $0.101, demonstrating a 1% increase in the past 24 hours, with a trading volume surge of 21%, indicating growing interest among traders.
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