Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan

Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan
Dogecoin surged as much as 33% after Tesla CEO Elon Musk said the electric-car maker would accept dogecoins as payment for its merchandise.“Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted.Dogecoin rose to as high as $0.20 following Musk’s tweet, before falling back to about $0.18.Musk, who was yesterday named Time Magazine’s person of the year, has previously lent support to dogecoin development and adoption even as the memecoin’s creators abandoned the project back in 2015.Earlier this year, Tesla started accepting bitcoin as payment for its electric cars. The pilot proved short-lived amid rising…