On April 7, the company opened its factory in Texas. The Cyber Rodeo featured a number of announcements from Musk, including the introduction of the self-driving vehicle package and a new model of the electric car.
The meme on display will likely be remembered the most. There was an Ad depicting Cybertruck’s armored glass breaking, and then a massive drone light image depicting Dogecoin.
Towards the end of the seven-and-a-half-minute show featuring a sequence of images, an image depicting Doge appeared, sending fans into a frenzy.
But what else is there? A second image with the phrase “haha yes” appeared after the DOGE one.
During the payment confirmation on Tesla’s website, “Haha Yes” is usually displayed. Doge soared by over 7% in under an hour after the short film hit the air on April 7.
Musk’s relationship with energy intensive currencies is strained and he has advocated for Dogecoin payments. Doge was accepted for merchandise payments by Tesla.
The billionaire promised a shakeout that would restore the app’s democracy. Along with suggesting a raft of other changes to the social media giant, Musk also wants users to have the option to pay for subscription using Dogecoin.
A pioneer subscription service offering exclusive access to premium features on a monthly subscription basis was launched in 2021. According to Musk, the nominal subscription rate should be slashed because it is very high.
The recent movement of Dogecoin has been compared to that of stable coins, but traders think that the recent fakeout will not affect the price.
Since bottoming at $0.11 in mid-march, the price has turned around and has begun printing higher lows after breaching a falling wedge’s upper trend line at $0.123. Currently, DOGE is hovering around $0.1566 after gaining 8.57% in the last 24 hours with various technicals suggesting that another 93% ascent is likely towards the $0.3400 barrier.
Featured photo source picjumbo.com
