Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Elon Musk's tweet.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.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
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