The recent tweet of Elon Musk accepting Dogecoin as payment for some of its Tesla Merch has greatly impacted the prices of Dogecoin. The token has surged past 20% after Musk’s tweet and is currently trading at $0.1807.

Musk has frequently supported Dogecoin and has openly talked about how it’s better than most cryptocurrencies at present.

“Fundamentally, bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, dogecoin is better suited for transactions.” Musk said in an interview with Time Magazine.

Musk’s tweet prompts Dogecoin prices to soar past 20%

This is not the first time when Musk’s tweet has impacted the prices of Dogecoin. Back in August, Musk’s tweet referring to Dogecoin as one of the …