The price of Dogecoin (DOGE) made a big leap today and that is of course because Tesla and SpaceX CEO Elon Musk posted another message about it on Twitter:
The “Technoking” says that with SpaceX he will “literally put a Dogecoin on the moon.” With this, one of the richest men on earth is probably referring to a well-known saying in the cryptocurrency world. “To the moon” in this market means that it is hoped that a price will rise enormously.
Whether Musk actually plans to bring a dogecoin to the moon sounds very unlikely, of course. It might just be an April 1 joke, but that doesn’t stop crypto investors.
Immediately after the Twitter message, the DOGE price shot up by no less than 30% to $ 0.07. That’s the highest since early February, shortly after the DOGE hit its all-time high (ATH) of $ 0.084. At the time of writing, however, the price seems to be correcting down again.
Dogecoin already rose by as much as 1,000% in 2021. Initially, this was mainly due to the craze for GameStop (GME) stocks, which spilled over to the crypto market earlier this year, but Musk’s frequent tweets have also contributed to this.
Under Musk’s twitter message you can also find many scammers posing as the Tesla CEO, do not click on the links of these scams!