Cryptocurrency
Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon
Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon: (NewsBTC) The Tesla and SpaceX CEO Elon Musk said he plans to launch the Doge-1 satellite in Q1 2022. This project will be funded entirely using Dogecoin, making it the first cryptocurrency and meme in space, in Musk’s words. This comes following the […]
Elon Musk Brushes Off SNL Fail, Plans To Literally Send Dogecoin To The Moon:
(NewsBTC)
The Tesla and SpaceX CEO Elon Musk said he plans to launch the Doge-1 satellite in Q1 2022. This project will be funded entirely using Dogecoin, making it the first cryptocurrency and meme in space, in Musk’s words.
This comes following the negative market reaction to Musk’s SNL appearance during the weekend, in which he mentioned Dogecoin on several occasions. Add to that short-sellers coming out of the woodwork, and the immediate outlook for DOGE looks uncertain.
Musk Is Not Done With Dogecoin
In the run-up to last weekend’s SNL show, Musk was expected to mention Dogecoin, which he did during his opening monologue, and again during a Q&A describing it as a “hustle.” But markets reacted by selling off, tanking the price by as much as 30% at one point.
DOGE has since posted a recovery of sorts. But it’s still some 20% off the $0.74 local high going into the weekend.
Source: DOGEUSD on TradingView.com
Nonetheless, that hasn’t dampened Musk’s enthusiasm for Dogecoin. Back in April, he mentioned that SpaceX would put a “literal Dogecoin on the literal moon.” Late Sunday evening, he reiterated these plans in a tweet, accompanying his message with the “official” Dogecoin song.