The live Dogecoin price today is $0.181474 USD with a 24-hour trading volume of $2,197,541,155 USD. Dogecoin is down 0.38% in the last 24 hours. The current CoinMarketCap ranking is #11, with a live market cap of $24,051,638,489 USD. It has a circulating supply of 132,535,230,232 DOGE coins and the max. supply is not available.

Dogecoin price spikes 20% after Elon Musk says Tesla will accept it as payment for its merchandise

The recent tweet of Elon Musk accepting Dogecoin as payment for some of its Tesla Merch has greatly impacted the prices of Dogecoin. The token has surged past 20% after Musk’s tweet and is currently trading at $0.1807.

Musk has frequently supported Dogecoin and has openly talked about how it’s better than most cryptocurrencies at present.

“Fundamentally, bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, dogecoin is better suited for transactions.” Musk said in an interview with Time Magazine.