Dogecoin (CRYPTO: DOGE) is rallying in the wee hours of Tuesday after Elon Musk said his space technology company SpaceX will likely put the memecoin “on the moon” next year.
‘DOGE To The Moon’ Finally?
The dog-themed cryptocurrency was up over 4% over the last 24 hours, outperforming heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
The spike comes after Musk, known for his playful endorsements of the meme cryptocurrency, hinted at something major.
The Tesla Owners Silicon Valley X account dug up Musk’s 2021 post that “SpaceX is going to put a literal Dogecoin on the literal moon” and tagged him asking, ‘When?”
“Maybe next year,” Musk responded.
Full story available on Benzinga.com
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