Dogecoin Price Soars As Elon Musk Promotes DOGE Payment For New Product

Elon Musk on Wednesday declares The Boring Company’s Burnt Hair fragrance will settle for Dogecoin (DOGE) as fee. As a consequence, the DOGE value soars over 3%, from a low of $0.057 to hit a excessive of $0.060. Tesla’s CEO even modified his Twitter bio to “Perfume Salesman” to advertise the brand new product.

Elon Musk Promotes Boring Company’s Burnt Hair Perfume

Tesla CEO Elon Musk in a series of tweets on October 12 promotes his tunnel development agency The Boring Company’s Burnt Hair fragrance. Elon Musk modified his Twitter bio to “Perfume Salesman” to promote the fragrance product price $100 a bottle on Twitter.

Moreover, he mentioned prospects can purchase the Burnt Hair fragrance with Dogecoin. Showing his dedication to Dogecoin, Tesla CEO continues to advertise Dogecoin for funds.

Elon Musk on Sunday introduced that The Boring Company is launching the Burnt Hair fragrance, which can be accessible within the first quarter of 2023. It is the second product by his Boring Company. Earlier, the corporate launched the “Not-A-Flamethrower” propane-powered flamethrower, with over 20,000 merchandise bought.

While the crypto Twitter trolls him, Elon Musk has bought over 10,000 bottles of Burnt Hair fragrance in pre-order. However, the Dogecoin neighborhood is pleased with Elon Musk pumping memecoin DOGE value.

Dogecoin (DOGE) Price Soars

The crypto market continues to be below strain forward of the U.S. CPI information and the excessive rising U.S. greenback index (DXY). Bitcoin and Ethereum price continues to maneuver in a sideways pattern.

Meanwhile, Dogecoin’s (DOGE) value soars over 3% in a day amid Elon Musk’s fragrance promotion. The buying and selling quantity is flat and signifies a scarcity of curiosity from merchants. The 24-hour high and low are $0.059 and $0.060, respectively.

Moreover, Elon Musk committed DOGE for Twitter after he agreed to proceed with the $44 billion buyout of Twitter at $54.20 per share. However, the drama surrounding Apollo Global Management and Sixth Street Partners backing out of financing the deal raised some issues. However, he mentioned the companies by no means participated in financing the deal.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at present protecting all the most recent updates and developments within the crypto trade.

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