DOGE price increase
Musk’s latest tweet resulted in a 26% surge in the price of DOGE.
Elon Musk’s latest foray into crypto markets came a few hours ago when he tweeted he is working with the DOGE developers to improve the crypto currency’s efficiency.
He said: Working with Doge leads to improve system transaction efficiency Potentially promising.
The tweet’s reference to “efficiency” seemed to lend weight to the idea Tesla may add DOGE as a form of payment, after the CEO noted yesterday the firm is looking at greener crypto currencies that use less than 1% of Bit coin’s energy per transaction.
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