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.

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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