Dogecoin Rallies After Elon Musk Commits “Literal Moon” to DOGE Bulls

Dogecoin rallied on Thursday after Elon Musk committed that he would send the meme cryptocurrency to the moon — literally.

The billionaire entrepreneur tweeted that SpaceX, a space technology company he owns, would take a “literal Dogecoin to the literal moon.” The cryptic message ignored to dwell into the hows and whys, but it was strong enough to send a bullish signal across the Dogecoin market. As a result, the DOGE/USD price exploded.

As of 0800 UTC, the pair was trading at $0.071, up 33.94 percent from its intraday opening rate. It looked obvious that traders played a prank of themselves by blowing Mr. Musk’s tweet out of proportion, given it arrived on April Fools’ day.

<img data-lazyloaded="1" src="×498-1.png" loading="lazy" class="size-large wp-image-460191" alt="Dogecoin price rallies on April Fool's Day. Source: DOGEUSD on" width="860" height="498" data-sizes="(max-width: 860px) 100vw, 860px" srcset="×498-1.png 860w,×266-1.png 460w,×444-1.png 768w,×889-1.png 1536w,×1185-1.png 2048w,×434-1.png

Keep reading this article on

Leave a Reply