Dogecoin leaps 25% after Musk announces DOGE payments for Tesla merch By Cointelegraph



Dogecoin (DOGE) prices rose substantially on Jan. 14 as Elon Musk announced that Tesla (NASDAQ:) would start accepting it as payment for merchandise.

After the announcement, DOGE price jumped nearly 13%, hitting a 30-day high of $0.2150. Its upside move came as a part of a larger intraday rally that already was taking place before Musk’s Dogecoin tweet went viral.

hourly price chart. Source: TradingView
DOGE/USD daily price chart. Source: TradingView
DOGE/USD daily price chart. Source: TradingView