Jan 14
3 min read
Why is Dogecoin (DOGE) exploding?
Announced several weeks ago by Elon Musk, Tesla is now accepting payments in Dogecoin. If it is still not possible to buy a car via this crypto, the news has propelled the price of Dogecoin: +15% over the past 24 hours.
The announcement of a partnership between a crypto and a company often has positive consequences on valuations. And the price of Dogecoin has not escaped this rule.
