Saturday, April 10, 2021

Elon Musk Says SpaceX Is Going To Take Dogecoin to the Moon, DOGE Price Skyrockets

Elon Musk, the CEO of the electric car manufacturing company, Tesla, who is also the founder of SpaceX, has stated that his company that manufactures and launches rockets and spacecraft is going to take his favorite meme token, Dogecoin (DOGE), to the moon.

Elon Musk has spent many times already in 2021 to tout the cryptocurrency created out of meme, Dogecoin, which has obviously been boosting the popularity and the market value of the digital currency.

Read Also: Elon Musk’s Tesla Gains Over $1 Billion in Less Than 45 Days of 1.5 Billion in BTC Purchase

SpaceX Is Taking Literal Dogecoin (DOGE) To Literal Moon

Expectedly, the tweet has attracted thousands of reactions. What is worth noting about this recent tweet is the fact that he involved his rockets and spacecraft manufacturing company SpaceX, which is unusual of him.

Elon Musk tweeted, “SpaceX is going to put a literal Dogecoin on the literal moon.”

Elon Musk is accustomed to tweeting about Dogecoin (DOGE). He had once admitted that all his tweets about the cryptocurrency are for fun, due to what the digital token represents.

Many have envisaged a possible sanction by the United States Securities and Exchange Commission (SEC), but it seems the billionaire entrepreneur and tech expert doesn’t feel intimidated.

Read Also: Elon Musk Thinks Coinbase Should List Dogecoin (DOGE)

The issue of the SEC possibly slamming Elon Musk was brought up on Twitter back in February 2021, by a pseudonymous crypto enthusiast known as Pope of Muskanity.

The user wrote, “The SEC investigating dog memes sent by a memer about a memecoin is peak 2021. All Hail Emperor Musk!”

In response to the tweet, the billionaire founder of SpaceX showcased his readiness for the purported SEC’s investigation.

Elon Musk replied, “I hope they do! It would be awesome.”

Read Also: Dogecoin (DOGE) Now Available As a Payment Method at Pay Later Tires

Meanwhile, since Elon Musk shared the tweet, Dogecoin (DOGE) has been reacting positively to it in terms of price. At the time of press, DOGE is trading at $0.06705, with a relatively 27% price upsurge in the last 24 hours.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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