Elon Musk has been supporting the meme-inspired Cryptocurrency Dogecoin (DOGE) for a long period. Mask in the recent interview with TIME Magazine said that he would prefer Dogecoin over any other Cryptocurrency or Bitcoin for transactional purposes. Also, he tweeted today that Tesla will accept Dogecoin for merchandise on a test basis. Soon after the announcement, the Dogecoin price surged by 25 percent.