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Dogecoin (DOGE), the 18th-largest cryptocurrency in market cap (virtual asset), showed a surge in April Fool’s Day tweets by Elon Musk Tesla and SpaceX CEO.
CEO Elon Musk, well-known as Dogecoin’s ambassador, wrote on his Twitter on April Fools Day (local time), “SpaceX will put DOGE in’literally’ on the literal moon.”
SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021
Dojicoin, a digital currency, cannot be taken to the moon because it is not a currency in a physical form, but it is interpreted that it has encouraged the price increase of Dojicoin by saying that it will be taken to the month, which means a price surge in the stock market.
After Musk’s new tweet, the price of the DOGE/USD pair soared 35% on April 1, reaching its previous high of $0.07. This is the highest in six weeks.
According to Cointelegraph, a media specializing in cryptocurrency, DOGE, which started with only $0.004 in 2021, has risen over 1,500% from the previous year as of April 1st.
Earlier, at the end of last month, European Latvian private airline Air Baltic announced in an official newsletter that it will support major cryptocurrencies such as DOGE for payment of boarding passes for aircraft.
Meanwhile, as of 10:05 am on April 2 (Korean time), the global DOGE market price based on the coin market cap is trading at $0.05941, up 10.31% from 24 hours ago. Dogecoin’s market cap is about $8 billion, and it ranks 18th in the market cap.