Elon Musk Throws Dogecoin a Lifeline

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The Street

By Tony Owusu Elon Musk will soon allow Dogecoin to purchase SpaceX merchandise. Every once in a while Elon Musk likes to throw his fans in the cryptosphere a bone. Friday, the Tesla (TSLA) – Get Tesla Inc Report and SpaceX CEO gave struggling Dogecoin investors a lifeline after name dropping the meme cryptocurrency in a couple of tweets on his influential Twitter account. Dogecoin prices have been one of the casualties of the demise of stablecoin Terra and its sister token Luna. Dogecoin prices fell another 6% this week while other cryptocurrencies like bitcoin showed signs of recovery. In st…

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