It may be an April Fool’s prank, but when it comes to meme-based cryptocurrency Dogecoin (DOGE), it hardly matters.
DOGE/USD 1-hour candle chart (Bittrex). Source: Tradingview
Musk: SpaceX taking Dogecoin to “literal moon”
After a fresh tweet from Tesla CEO Elon Musk, DOGE/USD shot up 35% in minutes on April 1, hitting six-week highs.
Musk, newly dubbed the “Technoking” of Tesla, is known for his tongue-in-cheek Dogecoin publicity, and his antics on Twitter and in interviews have already succeeded in boosting the altcoin’s price.
This time was arguably the most overt example of “memeing” a cryptocurrency to the moon, however, as Musk promised that his other company, SpaceX, would “put a literal Dogecoin on the literal moon.”
SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021
Immediately, Dogecoin began rising, reaching a peak of $0.07 before cooling off but still retaining the gains.
Having began 2021 at just $0.004, DOGE’s year-to-date gains as of Thursday stood at over 1,500%.
In aTitle: To the ‘literal moon’? Elon Musk SpaceX tweet gives Dogecoin a 35% lift-off
Sourced From: cointelegraph.com/news/to-the-literal-moon-elon-musk-spacex-tweet-gives-dogecoin-a-35-lift-off
Published Date: Thu, 01 Apr 2021 12:51:17 +0100