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The cryptocurrencies market is experiencing a boom, with more and more people familiarising themselves with the business. New developments appear every day and many people are keen to invest cash into it, in the hope of generating profits.

A time may be coming when anything can be bought using Bitcoin, Litecoin, Dogecoin and other digital currencies. For instance, you can enjoy casino games such as online roulette, slots and blackjack with numerous gaming clubs by depositing and withdrawing cryptocurrency funds.

The future is already here

Elon Musk has announced that Tesla will give customers the option of using Dogecoin as a payment method.

For now, certain Tesla merchandise can be purchased using DOGE. When CEO Musk, a famous investor in Dogecoin, asked his followers whether using cryptocurrencies when buying Tesla products would be convenient, almost three million voted ‘yes’. 

Moreover, Musk’s Space X company is planning to launch a satellite named DOGE-1 to the Moon. The launch will be sponsored through the cryptocurrency.

Trends in cryptocurrencies

Since Musk is such an influential figure, it is not surprising that he can even impact crypto trends. Following his Twitter posts concerning Dogecoin transactions in Tesla and SpaceX, the value of the coin increased by almost 40%. 

Final insight

Some people consider cryptocurrencies to be fraudulent while others believe that Bitcoin, Dogecoin and others will gradually replace the currencies we are used to. 

They are undeniably on the rise: maybe one day we will even be able to buy bubblegum in our local supermarket using Dogecoin.