Key Points:
Tesla has been in the news lately due to rumors that it added Bitcoin and Dogecoin to its payment page source code. However, upon verification, it was found that Bitcoin and Dogecoin were already present in the source code as early as January 2023. It appears that Tesla did not remove this code when they previously discontinued the option to pay with Bitcoin.
This discovery has caused some confusion and speculation among the cryptocurrency community. Some have questioned Tesla’s motives and whether they are truly committed to crypto. Others have speculated that Tesla may have plans to reintroduce Bitcoin as a payment option in the future. Regardless of the reasons behind this discovery, it serves as a reminder to always verify information before jumping to conclusions.
Dogecoin has been making waves, especially after Elon Musk tweeted about it being the “future of currency” during a Saturday Night Live show. The famous blue bird logo of Twitter was replaced by the Doge logo for some days. This prompted a 30% increase in Dogecoin’s value within minutes, making it the top-performing cryptocurrency of the day.
In April, Twitter changed its logo to display the image of Dogecoin, a popular cryptocurrency that originated as a meme. Notably, the change was not just on the app icon but also on the home page, causing a 30% surge in DOGE’s price, reaching $0.09.
Dogecoin’s price surged by more than 30% following the move. The trading price was at $0.9469 when the bluebird was changed by Dogecoin. According to CoinMarketCap data, the market cap of DOGE also increased by 20.5%.
Previously, Coincu reported the controversial question of whether Dogecoin would become the currency of Twitter and the fact that Musk is a known follower of Dogecoin and has been promoting it on his social media channels.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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