Dogecoin’s value rises after its Tesla drone display.
Popular memcoin Dogecoin (DOGE) saw its price surge after a dog mascot made a surprise attendance at the launch of a new manufacturing plant for American electric car company Tesla.
The Dogecoin Shiba Inu dog mascot was featured in a drone display at the event for the launch of the Texas Gigafactory called Cyber Rodeo.
– a little bull with laser eyes
— Shibetoshi Nakamoto (@BillyM2k) April 8, 2022
DOGE Up 4.5%
Moments after the Dogecoin mascot surprisingly appeared at Tesla’s drone display, the price of the token recorded a slight surge, putting a smile on the faces of DOGE holders.
According to data on Coingecko, Dogecoin is up 4.5% in the last 24 hours after the surprise feature of the memecoin mascot. The cryptocurrency, which traded at a low of $0.141 yesterday, spiked to a high of above $0.151.
DOGE is currently changing hands around $0.150 moments after the event at the time of writing.
Musk Bullish on DOGE
Dogecoin’s mascot feature in Tesla’s Cyber Rodeo may not come as a surprise to many because the owner of the American electric car company, Elon Musk, has always been bullish about the memecoin.
The Tesla boss on several occasions has promoted the token on his Twitter handle, causing the asset class’ value to increase.
Musk also went a step forward in his support for DOGE by enabling Dogecoin payments for the purchase of Tesla cars.