Elon Musk „literally“ shoots the Dogecoin to the moon

April Fool’s Day? – Elon Musk „literally“ shoots the Dogecoin to the moon

The SpaceX boss wants to put the dog coin on the moon, which the latter thanks him for with a whopping price gain of 35%.

An April Fool’s joke may ironically have just „literally“ boosted the joke cryptocurrency Dogecoin (DOGE) today.

The corresponding shooting aid came from prankster Elon Musk, as DOGE shot up 35% today, 1 April, in response to a tweet from the Tesla boss, bringing the dog cryptocurrency’s price to a six-month high.

The notorious entrepreneur is now known for his Twitter banter, and not just in the crypto community. The Dogecoin is one of Musk’s favourite of Bitcoin Formula topics, who repeatedly promotes the altcoin with his very special humour (and has already been successful with it).

Today, 1 April, the carmaker has „literally“ taken it upon himself to shoot his favourite cryptocurrency „to the moon“. Musk claims that he wants to put the Dogecoin on the moon with his second company SpaceX, which is active in space travel (see below).

SpaceX is going to put a literal Dogecoin on the literal moon
– Elon Musk (@elonmusk) April 1, 2021

The moon is not just a play on words derived from the business field of one of his companies; rather, the phrase „to the moon“ is a winged expression from the jargon of the crypto community, used by crypto investors to express their hopes that the price of a particular cryptocurrency will climb to astronomical heights.

However, since Musk uses the word „literally“ twice in his tweet, it can be assumed that it is probably just an April Fool’s joke, because it could be difficult to fly an immaterial object like a cryptocurrency to the moon anyway.

Nevertheless, the joking entrepreneur may have already achieved his goal, because the price of the cryptocurrency surged towards the „moon“ shortly after his tweet, with the DOGE making a big jump to 0.07 US dollars.

It then went down again, but most of the gain was maintained

At the beginning of the year, the Dogecoin was only US$0.004, which proves that the dog cryptocurrency has really soared since then, which has already brought it an increase in value of more than 1,500%.

Latvian airline AirBaltic recently made a more serious announcement about Dogecoin, as passengers can now pay for their tickets with DOGE and several other altcoins. The company has been accepting Bitcoin (BTC) since 2014.

Musk has to be careful about tweets about his favourite cryptocurrency, though, because in February it was reported that the US Securities and Exchange Commission (SEC) was investigating whether the carmaker might be manipulating the market.