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Elon Musk Efficiency Tweet Sends Dogecoin Prices Soaring

Photo: Britta Pedersen-Pool (Getty Images) I’m starting to get whiplash from this roller coaster ride that is Dogecoin’s value in recent days. It surged amid hype for Tesla and SpaceX CEO Elon Musk’s Saturday Night Live debut last weekend but plummeted after he called the meme-inspired cryptocurrency a “hustle,” only to ricochet again days later when SpaceX committed to accept a company’s payment in Dogecoin and Tesla suspended purchases using Bitcoin, citing environmental concerns, not long after. Advertisement again Thursday evening with the following tweet: “Working with Doge devs to improve system transaction efficiency. Potentially promising.”

Dogecoin Prices Spike Again Because This Man Just Will Not Stop Tweeting

Dogecoin Prices Spike Again Because This Man Just Will Not Stop Tweeting Share Photo: Britta Pedersen-Pool, Getty Images I’m starting to get whiplash from this roller coaster ride that is Dogecoin’s value in recent days. It surged amid hype for Tesla and SpaceX CEO Elon Musk’s Saturday Night Live debut last weekend but plummeted after he called the meme-inspired cryptocurrency a “hustle,” only to ricochet again days later when SpaceX committed to accept a company’s payment in Dogecoin and Tesla suspended purchases using Bitcoin, citing environmental concerns, not long after. Well, strap in folks, because the Dogefather sent its price soaring yet

SpaceX to launch satellite mission funded entirely in dogecoin

Sundry Photography/iStock (NEW YORK) SpaceX CEO Elon Musk announced his private space company was launching a lunar satellite mission dubbed “Doge-1” early next year that will be paid for entirely with the cryptocurrency dogecoin. The price of dogecoin, a digital currency which originally started as a joke, reacted tepidly on Monday to the Sunday evening announcement, rising by just a few percentage points. The mission will be the “1st crypto in space” and the “1st meme in space,” the chief executive wrote on Twitter Sunday. The announcement was confirmed by Canada-based Geometric Energy Corporation, an energy and logistics firm that said in a separate statement that the mission will be “the first-ever commercial lunar payload in history paid entirely with DOGE” and that the launch is scheduled for the first quarter of 2022.

Dogecoin Is Literally Going to the Moon

Dogecoin Is Literally Going to the Moon Share Photo: Joe Raedle / Staff, Getty Images Elon Musk may have sent Dogecoin’s stock plummeting after he bombed on Saturday Night Live on May 8, but that doesn’t mean the Tesla and SpaceX CEO isn’t doing his part to boost the volatile cryptocurrency. On Monday, CNN reported that SpaceX had committed to accepting a payment solely comprised of Dogecoin from the Canada-based Geometric Energy Corporation in order to confirm that company’s spot for an 40 kg satellite aboard an upcoming space mission. “This is not a joke,” Geometric Energy Corporation CEO Samuel Reid told CNN of the planned payment, without getting into specifics about how or why the deal had come to pass.

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