After Elon Musk, the founder of Tesla, announced in the past that it would stop using Bitcoin coins for Tesla payments, the price of Bitcoin plummeted, and Elon Musk recently announced that Re-use DOGE Coin for payments in Tesla, which has caused the price of this coin to fluctuate significantly. According to the cryptocurrency market capitalization website Coin Market Cap.

Following the announcement of Elon Musk’s support for payments with DOGE Coin, the market value of DOGE Coin increased by 22% in just 5 minutes, and after an hour it increased to 37%. This December 16th.