CoinDesk Analysis Team
CoinDesk
Elon Musk has started a Twitter poll asking whether or not Tesla should accept dogecoin (DOGE, -2.48%).
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The poll had received more than 500,000 votes within 20 minutes of its posting, with the overwhelming majority (~75%) replying "Yes."
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The Tesla CEO appeared on "Saturday Night Live" on May 8 in which some jokes about DOGE triggered a downturn in the meme-based crypto's price.
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Elon Musk has been known previously to discuss crypto on his Twitter page, first announcing via a tweet in March that Tesla vehicles could be purchased with bitcoin.
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He famously described DOGE as his "fav cryptocurrency" on Twitter in April 2019.
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Thanks in part to Musk's tweets, the price of dogecoin has risen by nearly 11,000% year to date.
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The poll has prompted a bounce in DOGE's price, trading at $0.52 at the time of writing compared to $0.46 beforehand.
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