Elon Musk said in a recent Twitter post that Space X “will put a real Dogecoin on the real moon.”
The tweet, of course, brings together two of the Tesla CEO’s known interests – space and Dogecoin – and although the statement is not very self explanatory, its ‘announcement’ has already made an impact in the real world.
As soon as Musk tweeted, Dogecoin’s price soared, gaining a staggering 18% over the course of the day. Whether or not there is an April Fools joke suitable for this brand, Musk’s social media activities lead to quite impressive results. The phrase “Towards the Moon” in the said share is widely used by traders who expect stock prices to rise. However, it is not known what Musk meant when posting.
Dogecoin was launched in 2013 as a joke token, and – although not designed as a serious cryptocurrency – its value has since grown with the support of figures like Reddit, Musk, Snoop Dogg. It is a known fact that a simple tweet shared by Musk as “One word: DOGE” in the past months raised Dogecoin up to 20.5% in just one day.