Elon Musk: Tesla to Enable Dogecoin Payments "At Some Point", Says "Dogecoin to the Moon"

Elon Musk has announced that Tesla will eventually enable payments using Dogecoin ($DOGE) "at some point", sparking significant excitement within the cryptocurrency community. Musk, who now owns Twitter, has been a vocal supporter of Dogecoin, often referring to it as 'the cryptocurrency of the people' and predicting its price to reach "$1 this cycle". This announcement, summarized by Musk's phrase "Dogecoin to the moon", has led to a flurry of reactions, with many speculating on the potential impact on Dogecoin's value and the broader cryptocurrency market. Some users have highlighted the difference in Musk's support for Dogecoin over Bitcoin, while others have focused on the potential for Dogecoin to hit new price milestones, such as reaching 20 cents or even $1. The news has also prompted discussions about the role of meme coins in the current market, with some predicting a 'memecoin supercycle' accelerated by Musk's endorsement.