On Tuesday, market rumors suggested that electric car giant Tesla would allow Dogecoin as a payment option for customers to buy cars. Covers three models of Model X, Model Y, and Model 3.
While these rumors have yet to be officially confirmed, it is an upward catalyst for Dogecoin. Dogecoin prices rose as much as 14% intraday on Tuesday.
Earlier, Tesla CEO Elon Musk said that in the future, Dogecoin can be used to buy some Tesla peripheral products.