Elon Musk Wins Dogecoin Lawsuit: New Era Begins for Tesla
The judge in the Dogecoin manipulation case dismissed the charges in favor of Elon Musk and Tesla, describing the tweets as “aspirational and puffery.” Elon Musk declared after the victory that he intended to reinstate DOGE payments for Tesla, beginning with merchandise. To a post by Sir Doge of the Coin, who expressed a desire for the company to bring back the Dogecoin payment option for items, he responded “Me.”
He intends to reopen the Dogecoin payment option first for products only, but the business might allow DOGE payments for its cars as well. Earlier this year, during an event hosted at its Giga Berlin plant in Germany, Musk expressed his support for this, as he has done numerous times before. Furthermore, with Musk endorsing the meme coin for broader acceptance—including payments—and following the recent victory in the Dogecoin class action lawsuit, DOGE’s popularity will increase.
DOGE Price Up 20% After Lawsuit Victory
The announcement caused the price of DOGE to soar by more than 20%. According to a price study of DOGE, the Elon Musk Dogecoin lawsuit could cause a 50% price increase. Some have also begun to predict a rally to $1 as a result of the development.
- As of right now, the price of DOGE is trading at $0.101, down 0.13% from the previous day.
- $0.09728 and $0.1023, respectively, are the 24-hour low and high.
- It also shows that traders are becoming more interested since the trading volume has climbed by 10.01% during the past day.
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