🚨 Tesla Embraces Dogecoin Payments: Will DOGE Hit $1 Soon? 🚨

Author

CoinGape Media
August 31, 2024

News

Musk confirmed he wants to bring back DOGE payments for Tesla merchandise. DOGE price to the moon?

The US district court ruled in favor of Elon Musk and Tesla in the DOGE manipulation lawsuit, dismissing the case with the judge calling the tweets “aspirational and puffery”. Following the win, Elon Musk has confirmed that he wants to bring back Dogecoin payments for Tesla, starting with merchandise. This move can become a major catalyst for sending DOGE price to $1.

🔥 Coinbase Mark Milestone with First AI-Powered Crypto Transaction

Coinbase marks first AI-to-AI crypto transaction, enabling instant exchanges with no fees amid enhanced artificial intelligence capabilities.

Coinbase CEO Brian Armstrong recently announced a significant development in integrating artificial intelligence with crypto transactions. This milestone event marked the first-ever cryptocurrency transaction between two AI agents, which utilized tokens to exchange services and capabilities between different AI systems.

Ethereum co-founder Vitalik Buterin has denied selling any coins proceeds despite his holdings being on a decline. ETH price consolidates.

Ethereum co-founder Vitalik Buterin has recently refuted claims of selling ETH despite his holdings being on a decline. The co-founder today took to X, mainly denying allegations that he sold any of his proceeds, while also deeming the fall in holdings attributable to another reason.

Markets

The market shows resiliency, preventing further downturn. BTC price rests at $59K, major coins trade in a tight range, & DOGS Up 9%.

The crypto prices today have shown considerable resiliency, preventing further downside momentum. Bitcoin (BTC) price held the $59K mark, whereas ETH stood at the $2,500 level. Solana (SOL) and XRP illustrated signs of consolidation today. Meanwhile, the global crypto market cap jumped slightly by 0.32% to $2.08 trillion.

Nonetheless, the total market volume saw a 0.77% decline in value to $66.35 billion today. However, DOGS and AAVE prices soared remarkably, sparking investor speculations. So, let’s take a closer look at the top cryptocurrencies by market cap and their price run today, August 31.

Bitcoin whale accumulation, combined with potential interest rate cuts by the Fed could be a powerful catalyst for driving BTC price action.

The Bitcoin price has seen more than 10% correction from $65,000 earlier this week, thereby taking strong support at the $58,000 level. This led to the Bitcoin whales turning active again and are now aggressively buying the BTC dips. As per the report from Santiment, whale wallets with over 100 BTC have reached a 17-month high with some key crypto events scheduled for the month of September.

📈 DOGS Price Recovery Begins Despite Airdop, Sell On Rise?

The DOGS price shows signs of recovery as bulls make a comeback leading to surge in short liquidations in last 24 hours after 17% weekly drop.

After a major sell-off over the last week, TON-based cryptocurrency DOGS is seeing some price recovery gaining over 15% and moving all the way to $0.14. Amid the current developments surrounding Telegram, the TON-based cryptocurrency has faced severe selling pressure with the DOGS price losing 17% of its value over the past week.