Elon Musk tweets SpaceX plan for Dogecoin ‘Joke’ crypto like Bitcoin and Ethereum at an almost always high price
Musk, a longtime dogecoin fan, played a disproportionate role in the bullish price of bitcoin this year after Tesla added $ 1.5 billion worth of bitcoin to its balance sheet (with more chances of being added).
Now, Musk has said his private rocket company SpaceX is going to put a “dogecoin on the literal moon” – pushing the price of memes-based cryptocurrency up 35% as bitcoin and ethereum all come in. both. at a touching distance from their all-time peaks.
“SpaceX is going to put a literal dogecoin on the literal moon,” Musk said via Twitter, downplaying suggestions that the ad was an April Fool’s Day joke.
“I know it’s April Fool’s Day, but I’m not doing it for a second question that he means this,” said Michael Sheetz, CNBC space reporter replied to Musk – who replied: “After all, SpaceX’s first payload to orbit and return was a cheese wheel.”
Sending a representation of a dogecoin token into space or even a machine running dogecoin network software would be relatively straightforward for Musk, who is well known for having a flair for outrageous stunts and making headlines. A Tesla roadster is currently floating near Mars after launching into space in 2018 as part of a dummy payload attached to the second stage of a SpaceX Falcon heavy rocket.
Around the same time, Musk’s Boring Company sold 20,000 flame-shooting devices called “Not-A-Flamethrower” for $ 500 each to raise money to start the underground transit tunnel company.
However, Musk has already said all of his dogecoin-related tweets are not meant to be taken seriously.
“Every once in a while I make dogecoin jokes, but they’re really meant to be jokes,” Musk said last month, in an interview on the Clubhouse invite-only chat app.
Although Musk is very attached to the dogecoin meme, maybe enough to send it into space. He was elected CEO of dogecoin in a 2019 Twitter poll, a meaningless role he enthusiastically embraced, and last month he joked that he would give dogecoin more support if large accounts sold their assets, suggesting that the market is controlled by a small number of users.
The price of dogecoin has climbed 900% so far this year, with the ironic cryptocurrency reaching a staggering total value of $ 10 billion last month when retail traders frustrated with restrictions on stocks of meme such than GameStop switched to cryptocurrencies-with rockstars and YouTubers helping fuel the massive dogecoin rally
Interest in dogecoin has exploded this year as bitcoin, by far the largest cryptocurrency with a total value of around $ 1.1 trillion after its last wave, soared thanks to a combination of Wall Street interest and retail traders cram into the bitcoin market.
The price of bitcoin has almost doubled since the beginning of the year, with the second largest cryptocurrency Ethereum also reaching record highs thanks to the growth of decentralized finance (DeFi) –using cryptocurrency technology to recreate traditional financial products such as interest, insurance and loans.
“I have no doubt that this bull run is far from over and that we are on the right track for further bitcoin support above $ 60,000,” said Antoni Trenchev, managing partner of the platform. London-based cryptocurrency lending form Nexo, in email comments, highlighting recent moves by payment giants PayPal and Visa to add support for Bitcoin, Ethereum and other cryptocurrencies.