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Elon Musk, the CEO of Tesla and one of the world’s 12 hectobillionaires with a net worth of $222 billion, appears to be committed to Dogecoin as an asset and a cause. On Tuesday morning, the world’s wealthiest person tweeted that if McDonald’s started accepting the meme dog-themed coin as a means of payment, he would eat a happy meal on TV.

According to data from CoinMarketCap, quoted by Business Insider, the price of Dogecoin increased by 8% after the tweet, reaching $0.1445. Although it has now declined to $0.1414 (at the time of writing), the extra value of 8% remains. Dogecoin has re-entered the top ten cryptocurrency rankings. The market capitalization of the tenth largest cryptocurrency is $18.67 billion.

Tesla now accepts Dogecoin as a form of payment

DOGE is a cryptocurrency that Tesla accepts as payment for some of its products. Last year, Musk’s company accepted Bitcoin as a means of payment for its automobiles for a limited time. While electric vehicles still require cash, Dogecoin can be used to purchase extras. A Giga Texas Belt Buckle sold for 813 DOGE about a week ago, and a Cyberquad for kids was valued at 12,020 DOGE or $2,284 at the time.

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