"Investors must be wondering when the price of DOGE is going to reach $1, I guess it will be a long time?"
A Twitter user revealed that Tesla's official website already has a dedicated page that provides information about Dogecoin (DOGE) payments, what can be bought with the memecoin and how to make purchases from the company.
The string, the investors look at Tesla seriously in applying DOGE as a payment option but will the price of the memecoin see an increase in the future?
In addition to highlighting Tesla's recognition of DOGE as a legitimate payment option, the move could also boost the memecoin's price after integrating it into the Tesla ecosystem.
It is well known that the Chief Executive Officer (CEO) of Tesla and SpaceX, Elon Musk, who has been a staunch supporter of DOGE including crypto for a long time, has caused the memecoin price to react positively in the past.
In April 2023, Musk changed Twitter's logo to DOGE, sparking a 16% rally in just a few minutes as investors flocked to buy large amounts of the memecoin.
Although the Securities and Exchange Commission (SEC) of the United States (US) has often acted aggressively against crypto, Musk has used Twitter to promote DOGE to his 142.3 million followers.
As of this writing, the price has plunged by 1.88% to $0.06644 in the last 24 hours with a market capitalization of $9 billion but still recorded an increase of around 7.46% over the last week.
