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In an attempt to Push Dogecoin, Elon Musk Launches His Perfume

Elon Musk, the founder of The Boring Company, just launched a new perfume to push the dogecoin cryptocurrency. Musk said that the perfume could be purchased with Dogecoin and fiat money.

The boring company’s website will offer customers the chance to buy the perfume using Dogecoin, Elon Musk’s favorite cryptocurrency.

 

It is no secret that Elon Musk, the wealthiest man in the world, is a strong supporter of Dogecoin, the original memecoin. He had admitted to investing some of his own money in it over the past several years and extolled its virtues frequently.

The continued support of Elon Musk for Dogecoin

According to the businessman, Dogecoin was capable of processing more transactions per second than Bitcoin in August. For the purpose of illustrating his point, he compared the execution time of a DOGE transaction with that of a BTC transaction.

A few other companies owned by Musk also support the asset. DOGE has been used for payment by the Boring Company, which provides tunnel construction services, SpaceX, a leading electric vehicle company, and Tesla. Elon Musk recently announced a new product: a perfume similar to “a candle at the dinner table.” 

As a result of Musk’s most recent tweet about the token, the token’s value increased once again. It is presently trading at $0.060421, up 2.3% from yesterday’s numbers. However, despite the current price spike, DOGE remains far behind its spring 2018 record high of $0.74.

The South African-born entrepreneur bought more than 70,000,000 shares of Twitter earlier this year, which equals 9.2% of the company’s outstanding shares. During the next few hours, DOGE soared by 33%, reaching a high of $0.15 per coin.

Tesla’s CEO has changed his mind and is now willing to acquire Twitter for $44 billion, or $54.20 a share. As a result, DOGE increased by over 8% later on.

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