Following Elon Musk’s Boring Company’s An announcementDogecoin is now available for consumers to use as a payment method. DOGE has risen by 5% in the last day. It then dropped to 2%. It did however see a nearly $1 billion increase in market value over the last 24 hours.
DOGE is the 10th largest cryptocurrency with a market capital of $10.484 million. According to CoinGeckoAccording to statistics, DOGE has increased approximately 13% in the last seven days. The current price of DOGE is $0.07034
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Today’s flood of negative cryptocurrency news was less severe than in the past six weeks. However, the crypto industry is still plagued with uncertainty and anxiety.
Source: CoinMarketCapThe global cryptocurrency market capitalization traded higher at $930.89 million, indicating a 2.2% increase in the price over the past 24 hours. However, cryptocurrency trade volume fell approximately 18% to $53.35 trillion.
Pay With Dogecoin For A Ride: Elon Musk’s Boring Company Announcement
CNN reported Wednesday that the Boring Company made it possible to use DOGE for payment to ride in their recently launched vehicles. launched Vegas Loop.
Loop allows Tesla drivers to transport people under Las Vegas through tunnels. Although the first Loop station opened last Friday outside of the Las Vegas Convention Center’s, the company plans to construct a network of tunnels that runs under the city, with at least 50 stations.
Loop rides are currently free, although the company hasn’t given a date. However, there are plans to charge for rides. The Vegas Loop’s website states that single rides will cost $1.50, and day passes will cost $2.50.
DOGE was offered as an option for payment when the Boring Company built a Loop Station at the Las Vegas Convention Center.
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Even though the $258 trillion figure is staggeringForensic litigation Two of Musk’s companies, SpaceX and Tesla, were sued by citizens. Musk chose DOGE. One citizen in the United States filed a lawsuit against Elon Musk and two of his companies, SpaceX and Tesla. The plaintiff alleged that Musk promoted Dogecoin. Musk, according to the lawsuit is charged with participating in racketeering to support cryptocurrency.
He has shared many Dogecoin memes to his over 100 million followers. The Boring Company adopted DOGE to pay for ride-hailing fees. This is just one example of many funny antics. Musk previously stated that he doesn’t care about the market and will continue building his Dogecoin portfolio.
Featured image taken from Flickr. Chart taken from Tradingview.com