Elon Musk announced yesterday that Tesla would release limited-edition merch collections and people can purchase it by paying with Dogecoin. Dogecoin spiked +20% minutes after Musk’s tweet was out and shot up from $0.15 to $0.20 in less than ten minutes.
The top meme-token has been trading in green since Musk’s tweet and could propel further as investments are pouring in. Musk’s tweets can make or break the crypto market and the SpaceX CEO lifted the market from being red to green.
David Gokhshtein, the founder of Gokhshtein Media and CEO of PAC Protocol commended Musk’s idea for accepting Dogecoin as payment.
Talking exclusively to Watcher Guru, Gokhshtein appreciated Tesla merch accepting Dogecoin and said “It’s a big deal.” He continued, “Elon keeps pushing Doge. I wouldn’t be surprised if he made it the crypto of the space economy.”
“Real talk : Elon’s move low-key will really make $DOGE stand out. People will gravitate to the brand. Kids will ask their parents to buy the merchandise. Think about it,” tweeted David Gokhshtein. He also tweeted that Dogecoin is the only crypto that turned from red to green within minutes. “$DOGE is the only thing moving today,” he said.
Gokhshtein is a staunch supporter of Dogecoin and Elon Musk’s ideas that gives the crypto market a pathway to glory. At the end of the day, Musk’s ideas benefits the common investor as their holdings see a sharp spike.
Dogecoin Price Predictions
Elon Musk’s latest tweet about Tesla merch accepting Dogecoin has given new life to the meme-token. The price remains steady and could hit new weekly highs in the coming days.
Doge saw a rise in capital flow from high net worth individuals in December 2021 and displayed bullish sentiments. Also, the buy orders recently overtook the sell orders signaling that a breakout could be around the corner.
However, financial analyst David Cox had predicted back in June that Doge will breach the $1 mark in December 2021.
”The minimum expected Dogecoin price would be around $0.90,” said Cox to CryptoNewsZ. Cox continued, ”It is likely to cross the $0.80 mark soon as the coin is constantly breaking the all-time high, as this is the year of cryptocurrencies. The predicted high for 2021 might be around $1.07, and on the downside, the low might be around $0.91.”
At the time of publishing, dogecoin was trading at $0.18 and is up +13.42% in the days trade.