on the crypto
Dogecoin was supposed to go to the moon after Elon Musk's appearance at SNL, but the asset took the opposite path and dropped to almost 40% of its value.
The cryptocurrency moved from a high of $ 0,73 to a low of $ 0,42 in the space of 24 hours. The meme coin also only recently started correcting losses. However, it appears that the world's most famous Shiba dog's coin may not return to the red zone for a long time, as Elon Musk announced this week what could be considered one of the most bullish news for the DOGE community.
DOGE will soon join Bitcoin to buy Tesla
The billionaire, who seems extremely excited about Dogecoin's future, has teased the possibility that the asset may enter Tesla in the short term. He returned to Twitter to question his followers on whether or not they could make payments using DOGE.
In this Twitter poll, which has since been shared by thousands of people, Elon Musk can be seen asking "Do you want Tesla to accept Doge?" It didn't take long for "Dogecoin Lovers" to flood the tweet with mostly positive comments, claiming they were interested in a Doge partnership with Tesla. The survey ended with a striking result. By popular acclaim, almost 79% of followers answered Yes, to the survey launched by Tesla CEO (Tesla shares - TSLA ticker).
Elon Musk is about to launch a "Satellite Doge"
The billionaire then spoke on Twitter to reveal to his 53,9 million followers that Dogecoin will become the first cryptocurrency to name one of the satellites to be launched this year. Indeed Doge is destined to become the first cryptocurrency to go to the moon, literally.
An enthusiastic Musk tweeted:
“SpaceX will launch the Doge-1 satellite to the moon next year
- Mission paid in Doge
- 1st crypto currency in space
- 1st meme in space
On the moon!! "
How bright is the future for Dogecoin?
The stage is now ready for the Doge, who will go directly to the Moon. Should the asset really be accepted by Tesla, it is unknown where the price levels will reach in the near future. But objectively, there is reason to believe that Dogecoin will soon catapult above $ 1 if the asset is accepted by Tesla. Market valuation and trading volume will also simultaneously benefit from this partnership if it becomes a reality.
Dogecoin will officially become the second cryptocurrency to be accepted by the Electric Vehicle company, which previously opened its doors to Bitcoin as a form of payment. With Musk's growing interest in cryptocurrency, viewers suggest that other cryptocurrencies such as Ethereum and some major DeFi assets could also pique the billionaire's interest. And what do you think of it? Let us know in the comments below.
