Elon Musk tickles Dogcoin appetite again
Elon Musk has hinted that Tesla might begin to accept Dogecoin for payment. The CEO of SpaceX and Tesla made this known through a tweet poll on Tuesday.
This is not the first time a company associated with Musk will accept dogecoin as payment.
Last week, SpaceX announced that it had approved the launch of a dogecoin-paid DOGE-1 mission to the moon.
At the time of filing this report, over 75 per cent of the poll’s respondents had answered in the affirmative.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
Musk is a major proponent of cryptocurrency. In February, his company, Tesla bought $1.5bn in bitcoin. His comments on dogecoin have seen the rise and subsequent fall of the coin.
Tesla already accepts bitcoin as payment for its cars. If this move by Musk pulls through, it is expected that the price of doge will rise astronomically. Although it remains to be seen what will become of the meme crypto.
According to coinmarketcap.com, Dogecoin was $0.502076 on Tuesday. It had a 24-hour trading volume of $18,493,677,738. Dogecoin was up 3.14 per cent.
It had a market cap of $65,048,479,996, a circulating supply of 129,559,040,393 DOGE coins. Its maximum supply was not available.
Although, crypto remains a volatile investment, the top three cryptocurrencies to buy in May according to analyticsinsight.net are:
Bitcoin: It remains the most valuable crypto, and has the highest liquidity value. It is the most stable cryptocurrency.
Also, bitcoin is already being accepted as payment by certain companies around the world.
According to coinmarketcap.com, bitcoin was $56,405.60 on Tuesday.
It had a 24-hour trading volume of $70,802,088,174 and was down 1.22 per cent.
It as a market cap of $1,055,186,296,491, a circulating supply of 18,707,118 BTC coins, and a max. supply of 21,000,000 BTC coins.
Litecoin: It has a high market capital and liquidity value. Unlike bitcoin that has 21 million maximum supply, it is limited to 84 million.
Mining Litecoin is faster than any other cryptocurrency as it only takes two minutes. According to coinmarketcap.com, Litecoin was $370.67 on Tuesday. It had a 24-hour trading volume of $10,346,056,017. Litecoin was down 2.75 per cent. It had a live market cap of $24,743,215,952, a circulating supply of 66,752,415 LTC coins, and a max. supply of 84,000,000 LTC coins.
Ethereum: This coin’s price has been surging for the past couple of months, crossing the $4,000 mark on Monday.
It is the first crypto to introduce smart contracts that allow developers to create desktop and mobile decentralized applications powered by blockchain technology.
According to coinmarketcap.com, Ethereum was $4,047.57 on Tuesday.
It had a 24-hour trading volume of $60,994,094,907 and was down 2.26 per cent.
It had a live market cap of $468,841,874,540, a circulating supply of 115,832,836 ETH coins, and its maximum supply was not available.