With the release of the Tesla CyberTruck, the crypto community on X (formerly Twitter) has been abuzz with possibilities of what this could mean for Dogecoin. More specifically, if CEO Elon Musk will finally implement Dogecoin payments for Tesla’s vehicles for the first time in history. While there have been no official statements regarding this, the DOGE community has dug out some ‘evidence’ that could show that the automobile manufacturer is actually getting ready for DOGE payments.
Dogecoin Appears On CyberTruck Checkout Page In search of hints that Elon Musk could be getting ready to integrate Dogecoin payments for Tesla’s vehicles, community members have looked at the source code for its website. The findings have shown that the electric vehicle manufacturer may in fact be looking toward DOGE payments.
The source code which was shared on X by the @TOPDOGE007 account shows multiple mentions of Dogecoin. These mentions are all in relation to DOGE payments which appear alongside other payment methods such as wire transfer and SEPA.
One community member revealed on X that Dogecoin actually appears more than 50 times on the CyberTruck website source code. This has sparked speculation that even though Tesla does not accept DOGE payments for the CyberTruck, it may be getting ready to do so.
Interestingly, Dogecoin is the only mention of any cryptocurrency on the CyberTruck website. It excludes even the likes of Bitcoin which suggests that DOGE payments may be the only form of cryptocurrency payments the company is exploring.
DOGE price breaks above $0.8 | Source: DOGEUSD on Tradingview.com DOGE Community Waiting On Elon Musk The Dogecoin community continues to wait to see the next step of billionaire Elon Musk who has come to be known as the ‘Dogefather.’ Musk’s influence in the DOGE community has seen even something as simple as his tweets triggering a price increase in the price of Dogecoin.
Now, there have been expectations for Musk to integrate DOGE payments into a number of his products, including X and Tesla vehicles. Musk himself has previously touted the idea of owning a social media platform that uses DOGE as a means to reward creators.
Previously, Tesla had integrated Bitcoin payments before discontinuing it back in 2021. However, the impact of that single decision was a massive price rally that pushed the 2020-2021 bull market higher than expectations.
Given Bitcoin’s performance when Tesla announced BTC payments, it is expected that the DOGE price will react in a similar manner if the automobile manufacturer does announce Dogecoin payments. It could be the catalyst that drives the Dogecoin price above $1.
Featured image from Binance, chart from Tradingview.com
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Scott Matherson Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.