To the’moon’? With Elon Musk SpaceX Tweet, Dogecoin 35% Rise!
On April Fool’s Day, Musk said, “I will literally send Dogecoin to the moon,” but to coin holders, his words were just jokes.
It may be an April Fool’s Day joke, but it’s hardly a problem with the meme-based cryptocurrency Dogecoin.
Musk: SpaceX takes Dogecoin to the “moon”.
According to Cointelegraph, a cryptocurrency media outlet on the 1st, after a fresh tweet from Tesla CEO Elon Musk, DOGE/USD soared 35% on April 1st, recording the highest in 6 weeks.
Musk, newly called Tesla’s’technoking’, is famous for being an open Dogecoin supporter, has gained numerous followers with humorous appearances on Twitter and interviews, and is evaluated to have already succeeded in raising the price of altcoins.
This time, however, Musk showed his aerospace company SpaceX promising “to take Dogecoin to the moon” by tweeting, this time turning cryptocurrency into a “mem” until the moon.
On this day, Dogecoin immediately started to rise, and after reaching the peak of $0.07, the uptrend broke but still maintained the uptrend.
As of April 1st, Dogecoin, which started with only $0.004 in 2021, has exceeded 1,500% from the previous year.
Likewise, in one of the more sincere moves than his tweet, this week, Latvian state-run airline Airbaltic announced that passengers can now book flights using Dogecoin (along with several other altcoins). (Bitcoin has been accepted since 2014.)
Rather than an empty promise?!
Meanwhile, investors are concerned that what got Elon Musk into trouble could be advertising Dogecoin.
Many investors pointed out that the concept of cracking down on market manipulation remains a nuisance in light of the collapse of the’Game Stop Incident’, where the Robin Hood trading platform prevented trading when investors caused severe volatility and caused a post-storm. did.