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HomeCrypto NewsMarketDogecoin (DOGE) Spikes 4.5% After Its Mascot Featured at Tesla’s Gigafactory Launch 

Dogecoin (DOGE) Spikes 4.5% After Its Mascot Featured at Tesla’s Gigafactory Launch 

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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. 


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. 

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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