Dogecoin Soared 17% After Elon Musk Confirmed Readiness for Its Payment Acceptance

Most major cryptocurrencies by market cap have been slowly recovering lately, with DOGE (DOGEUSD) having shot up a whopping 17% following Tesla's (TSLA) news. Tesla’s outspoken CEO Elon Musk announced last month that Tesla would begin testing Dogecoin payments, but at that time most Musk’s audience perceived it as a joke. But the company today started accepting Dogecoin (DOGE) payments for some products on the Tesla Store.

Reportedly, most of the code has already been written in the latest Javascript files that Tesla uses to process payments. Although the DOGE payment option is already available, it’s still currently a "hidden feature" that most non-tech people can't yet see yet activated. Looking at the payment page code one can find out that Tesla added a "crypto_continue.html" page to its source code designed to process crypto payments.

In November, Tesla was testing payments for a coin called "SHIBA (SBA)", but in reality that option was designed for DOGE. The latest test came a month after Elon Musk said the company would accept DOGE payments for goods and "see how that goes."

Musk has been a longtime DOGE fan. He has also invested in meme-themed cryptocurrency, along with Bitcoin and Ether.

Recent weeks’ crypto market outperformers included Moonbeam's GLMR, which jumped 53%, ANY, up 28%, and SCRT with a 23% gain.