ICYMI: Dogecoin has real utility even though it was designed as a 'ridiculous joke currency,' says Elon Musk DOGE $DOGE DOGEArmy
Tesla, the top e-car manufacturer, started accepting Dogecoin for merch back in January. SpaceX, the spacecraft manufacturer helmed by Musk, followed suit in May.
Last month, The Boring Company, yet another company owned by the centibillionaire, added support for Dogecoin payments. Musk continues showing love for Dogecoin despite the fact that the meme coin is down more than 90% from its peak, underperforming every other major cryptocurrency.Dogecoin shortly after facing a lawsuit for promoting the token as an alleged pyramid scheme.
At the same time, Tesla has soured on Bitcoin. After helping to fuel the massive rally in early 2021 with its $1.5 billion purchase, Tesla sold most of its holdings
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