- Elon Musk has reignited the Dogecoin moon debate along with his targets for subsequent yr.
- Adam Lowis says touchdown DOGE on the moon is inevitable.
- DOGE customers are reminded of Elon Musk’s affect on cryptocurrencies in 2021.
Arguably Dogecoin’s largest influencer, Elon Musk sparked a dialogue in regards to the meme coin after his newest predictions about X.
Going to the moon in 2027?
Tesla Homeowners Silicon Valley, a Tesla membership of X, unearthed an outdated publish from 2021 through which Elon Musk stated SpaceX would ship Dogecoin to the moon. When requested in regards to the timeline, Musk stated it might occur subsequent yr.
In a follow-up to the identical publish, Adam Lowis stated, “Doge going to the moon is inevitable,” to which Musk responded merely however affirmatively, “Sure.”
Notably, this collection of occasions has reignited the talk about DOGE and its potential union. Cryptocurrency customers are remembering occasions from a number of years in the past, significantly in 2021, when Musk’s preliminary publish helped propel Dogecoin to its most important worth rally in historical past.
In accordance with historic information, DOGE soared greater than 2,600% in 2021, bringing it into the highlight as one other crypto forex within the background for the primary time in a number of years. Software program engineers Billy Marcus and Jackson Palmer created Dogecoin in 2013 as a satirical and “enjoyable and pleasant” different to Bitcoin.
Elon Musk is Dogecoin’s largest influencer
It’s value noting that Mr. Musk’s involvement within the Dogecoin ecosystem led to the evolution of the cryptocurrency, with neighborhood members embarking on actions that would create utility from the unique product. This course of elevated adoption and propelled DOGE into the highest 10 cryptocurrencies by market capitalization.
Dogecoin strikes along side the broader crypto market and experiences the type of volatility sometimes related to high cryptocurrencies comparable to Bitcoin and Ethereum. On the time of writing, DOGE was buying and selling at $0.1077, down greater than 57% for the yr, in accordance with information from CoinMarketCap.
Mr. Musk’s newest publish has sparked new hope amongst DOGE holders, most of whom imagine that the well-known entrepreneur can create vital demand for the meme coin.
Associated: Dogecoin worth prediction: DOGE tops $0.12 as ETF flows dry up
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