Tesla CEO Elon Musk hints at the possibility of accepting Dogecoin (CRYPTO:DOGE) for vehicle purchases, causing a significant surge in the meme coin's price.

This development follows Musk's consistent support for Dogecoin, previously referring to it as the "people's crypto," and initiating DOGE payments for Tesla merchandise in 2022.

Speculation about Dogecoin's integration into Tesla's payment system intensifies, with recent mentions of DOGE on the Tesla Cybertruck's checkout page code and Musk's involvement in potential in-app payment services through X.

Dogecoin's market response to Musk's endorsement has been notably positive, with the cryptocurrency experiencing a more than 10% increase following his latest comments, amidst speculation of its future performance and potential breakout.