Dogecoin value soars after Elon Musk says it will be accepted for Tesla goods

Dogecoin rose to $0.20 after Musk’s tweet early on Friday, and has soared by 5,859% over the past 12 months, according to data from the Coinbase website.

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Payments in dogecoin went live on Tesla’s website soon after, with items such as an electric quad bike for kids priced at 12,020 doge ($2,368; £1,735) for those with more modest budgets a “Giga Texas Belt Buckle,” for 835 doge ($156) or a whistle for 300 doge ($57).

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