Dogecoin (DOGE), one of the leading meme coins in the crypto market and a favorite asset of Tesla CEO Elon Musk, has officially been integrated into Tesla as a payment option. The news was greeted with much glee in the crypto community and positively affected the price of Dogecoin (DOGE), which flipped to $0.16.
Furthermore, the news came as the general crypto market is experiencing a sharp price recovery, leading some in the crypto industry to wonder if this catalyst will finally propel Dogecoin (DOGE) to the $1 mark.
Elon Musk’s Tesla Updated Website Payment Page Lists Dogecoin As Payment Option
Tesla, a company that manufactures electric vehicles, has updated its website payment page to officially list Dogecoin (DOGE) as one of the payment modes for customers to purchase their goods. However, the coin is only acceptable for buying specific Tesla Online store merchandise. Buyers who use this option must pay to the company’s Dogecoin (DOGE) wallet.
Interestingly, Tesla currently only supports Dogecoin (DOGE) payments among other cryptocurrencies and made it clear on the website that any other crypto asset sent will not be refunded. The EV maker initially included Bitcoin (BTC) as one of the payment methods to purchase its automobile in March 2021 but terminated the option just two months later in May due to the coin’s high energy usage.
Instead, Tesla opted for Dogecoin (DOGE) and began accepting DOGE payments for merchandise in 2022. That same year, SpaceX, another establishment of Elon Musk specializing in space exploration, also began accepting DOGE as payment for merchandise. In March 2024, Elon Musk teased that Dogecoin could be used to purchase Tesla cars. This action could be one step toward making that idea a reality.
However, Dogecoin (DOGE) has been thriving since the news, currently trading at $0.164 and ranking 8th in the crypto market, according to Coinmarketcap. The meme coin hit its all-time high of $0.73 in May 2021, partly due to the bullish influence of Elon Musk.
Therefore, many in the crypto community believe this added use case could be just the fuel for its rocket past its ATH to the highly coveted $1 mark.
ETFswap Makes Waves In The Crypto Industry With Presale Event
ETFswap (ETFS) is a blockchain platform that aims to tokenize exchange-traded funds (ETFs), making them available to all crypto community members to access on-chain. The tokenized ETFs will directly represent the traditional ETFs on the blockchain, enabling users to interact with several assets, including Gold, Silver, stocks, and real estate.
The fuel powering the ETFswap (ETFS) ecosystem is its native token, which will be instrumental in trading tokenized ETFs and accessing all other platform functionalities. Holders of the token will also be able to directly impact the network by gaining voting rights, enabling them to participate in decisions that affect the platform. Additionally, they can make passive income through staking on the platform at a mouthwatering annual percentage rate (APR).
Since it is the key to the ETFswap ecosystem, the platform currently offers the ETFS token at a low price of $0.00854 per coin in the stage 1 presale. As an incentive, all stage 1 participants will make an automatic profit when stage 2 starts at $0.01831. Further, according to experts’ predictions, the token is expected to surge to the $1 mark soon, resulting in a 100x yield on investment for early investors.
Over 60 million tokens have already been sold out, indicating increased interest among large and small investors who are rushing in to get a piece of this undervalued asset. Therefore, it is imperative for you to join now at stage 1 to increase your chances of making a 100x yield on your investment. So buy ETFS at presale today!
For more information about the ETFS Presale:
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