If you thought Elon Musk had forgotten about Dogecoin and its community, then you haven’t read today’s news. Elon Musk has made it back to the top of the crypto news making a huge announcement for the entire DOGE community.
After a long time, the Dogecoin (DOGE) community can have a relief that the largest meme-coin is here to stay. Just when people had started forgetting about DOGE, Elon Musk made an announcement and have given hope to the entire DOGE community.
Elon Musk’s Twitter Deal
It’s been almost two months since the status between Elon Musk and Twitter of acquisition of the latter is set pending. The only thing keeping the two parties from shaking hands is that Musk is adamant to see the list of bot accounts that are active on Twitter.
While Elon Musk claims more than 5% of the total uses on Twitter are bots, the CEO of Twitter contradicts this claim. Parag Agrawal has constantly denied such allegations made by Elon Musk and so far, their discussions have taken the form of a public feud taking place on Twitter.
Therefore, the high hopes the DOGE community had of Musk taking over Twitter have died for now. Until Elon Musk acquires and integrates DOGE to Twitter as a source of monetization, DOGE will not gain much from the social media platform.
Elon Musk Goes SpaceX
As the Twitter issue is still persisting, Elon Musk has decided that he will let DOGE benefit from his existing companies. Now, SpaceX will help boost the price of DOGE because Elon Musk is determined to do it.
He has announced that very soon, SpaceX will start accepting payments for the merchandise through Dogecoin. He added that Starlink may soon follow the lead but for now, it is not confirmed.
However, his assurance has come for SpaceX and the DOGE community can rejoice that now, its price may experience a surge.
Impact of Elon Musk’s Announcement on DOGE
Right after the announcement, the on-chain data analytical firms recorded a noteworthy surge in DOGE’s price. From the time of Musk’s announcement until now, DOGE’s price has gained 15% power.
At the time of writing, DOGE stands at $0.08205 and its price may surge if more announcements of the same sort keep coming in for the meme coin.
Tesla is also Supporting DOGE
The initial announcement Elon Musk had made surrounding the acceptance of DOGE as payment method was for Tesla. Consumers can already buy merchandise for Tesla through DOGE. With SpaceX in the same league and Sparlink following the lead, DOGE has a promising future ahead of it.