Dogecoin (DOGE) is about to acquire one other use case because of the world’s richest man, Elon Musk. This comes following a revelation that the foremost meme coin will likely be a fee when one in all Musk’s groundbreaking initiatives lastly launches.
Dogecoin To Be Accepted When This Tesla Venture Launches
DogeMemeGirl, a member of the Dogecoin group, just lately drew the group’s consideration to the truth that DOGE was going to be accepted when Tesla’s supercharging station in Hollywood lastly launched. Her remark got here as one other X (previously Twitter) consumer offered an replace on the station, which was already coming collectively and will launch this yr.
Certainly, DOGE goes to be a fee possibility when this occurs. Musk himself confirmed in an X publish in 2022 that prospects will be capable of pay with the meme coin when the supercharging station lastly launches. As highlighted by DogeMemeGirl, this improvement signifies “thrilling occasions” forward for DOGE, contemplating the magnitude of this venture.
The charging station in Hollywood will function a “futuristic diner and drive-in theater,” which means that DOGE’s utility may prolong by a substantial quantity. The station’s location can also be strategic, because the meme coin may additionally get launched to a few of Hollywood’s most interesting. As soon as that occurs, it may present a lift to DOGE’s value, which has remained tepid for some time now.
DOGE value at $0.08 | Supply: DOGEUSD on Tradingview.com
Musk Now ‘Strolling The Stroll’ With DOGE
Musk has, for the longest time, been recognized to have a likeness for the foremost meme coin. Nonetheless, prior to now, his fondness for DOGE had primarily been proven in his cryptic X posts in regards to the crypto token. Now, the world’s richest man appears to be displaying via his actions that his curiosity in DOGE is deeper than that.
Musk’s biography, which was launched final yr, confirmed that DOGE may develop into an integral a part of his long-term plan to create an ‘every thing app’ that will even function a funds platform. This plan already appears to be in movement because the X platform, owned by Musk, just lately hinted that its fee service may go dwell this yr.
This announcement has additional fuelled speculations that Dogecoin funds might be built-in into X when this occurs. Such a improvement will likely be large for DOGE and its group. In the meantime, this taking place will greater than seemingly cement Musk’s standing because the “Dogefather,” a reputation which he had beforehand conferred on himself.
Curiously, the world’s richest just lately reaffirmed his love for the meme coin as he revealed that he nonetheless owns a “bunch of Dogecoin.”
Featured picture from Company Finance Institute, chart from Tradingview.com
