Dogecoin soars 18% after Elon Musk says it can be used to buy Tesla merchandise

“Tesla merch buyable with Dogecoin,” Musk tweeted.His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.Dogecoin, popular among retail investors, raced up 18% to above $0.20 after Friday’s tweet.Musk’s tweets on the cryptocurrency, including the one where he called it the “people’s crypto,” buoyed the meme coin and caused it to soar roughly 4,000% in 2021.

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