SpaceX joins Tesla in accepting dogecoin

One of Elon Musk's main projects, SpaceX, along with Tesla, will start accepting dogecoin as payment for goods. Musk, like his previous statements about dogecoin, announced the news on Twitter, which is typical of the eccentric billionaire. 

"His tweet caused the price to briefly jump to $0.08370. However, the news didn't help the token's plight, whose value has more than halved since the beginning of the year,"  Simon Peters, cryptocurrency analyst at eToro, assessed.

"While an announcement about SpaceX having to accept dogecoin is unlikely, the broader impact of adopting cryptocurrencies like dogecoin into the payment infrastructure should not be underestimated. We are still far from the tipping point, but every company that announces such a step brings us closer to that point," Simon Peters added.

(WBJ)