Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday's tweet.

Musk's tweets on the cryptocurrency, including the one where he called it the "people's crypto", buoyed the meme coin and caused it to soar roughly 4,000% in 2021.

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This guy De use our head

Premiumwriter:
This guy De use our head

Lol. Are you sure about that?

g7conet:


Lol. Are you sure about that?

100% sure.

He knows his influence in the coin market and how he can easily affect it.

If your tweet can raise or lower the cost of bitcoin, would you stand and watch or do something?

Premiumwriter:
100% sure.

He knows his influence in the coin market and how he can easily affect it.

If your tweet can raise or lower the cost of bitcoin, would you stand and watch or do something?

I will do something.