Benzinga’s report says that data from Into The Block shows that there was a huge surge in large transactions shortly after the DOGE price jump based on Musk’s announcement. The report also noted that investors in the market suddenly shared a positive reaction to the cryptocurrency on social media, causing DOGE to outperform everyone in the market with a 54% gain in 24 hours.
Elon Musk, also known as the ‘Dogefather’, has announced “SHIBA” to accept DOGE as payment for a Tesla car. The company also started accepting bitcoin payments earlier in the year.
Elon Musk said during an interview after being named TIME Magazine’s “Person of the Year” (distorted) “Bitcoin is not a good choice for transactional currency. Even if it’s made as a meme.” Well, Dodgecoin is a better option for transactions.” <!–
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