Musk’s SpaceX to Launch Dogecoin Moon Mission – Cryptocurrency

Elon Musk has announced that his company space X, primarily concerned with launching a rocket, is already structured to approve the meme-inspired cryptocurrency dogecoin as a form of payment.

In his tweet, he explained that the commercial space exploration firm is ready to launch the “DOGE-1 Mission to the Moon” before the end of next year.

Dogecoin has been falling incessantly after Elon Musk said during a tv show that the meme-inspired coin is a “hustle.” This fall has affected all the people that invested in the coin.

Elon Musk tweeted last month that SpaceX is on the verge of putting a ” literal Dogecoin on the literal moon.”

Last Sunday, Canada’s Geometric Energy Corporation declared openly that it is a doge-coin-funded mission; this supports Elon Musk’s claim, but the expression did nothing to reveal the coin’s financial worth.

“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” SpaceX Vice President of Commercial Sales Tom Ochinero expressed more of the detail in the statement.

Mr. Musk tweeted about the coin in the past months. This has aided the once not regarded digital currency, which was initially a social media joke, into one of the world’s biggest digital currencies, currently referred to as the fourth biggest cryptocurrency.

It surged by over 800% during the previous month, and the coin’s total market value rises above $70bn, according to the famous cryptocurrency data tracker CoinGecko.com.

Nevertheless, dogecoin witnessed a drop of a third of its price on this previous Sunday; this is after Mr. Musk described it as a ‘hustle’ while he was on the Saturday Night Live comedy sketch television show.

Electric carmaker Tesla, whose chief executive is Elon Musk, explained that it bought bitcoin in February worth $1.5bn. Strategies are in place to make sure the company is accepting digital coins as payment for its vehicles.

That statement is viewed as a big launch in respect of the wide acceptance of Bitcoin, and this single-handedly raises the price of the coin to a new peak record of almost $62,000.

In April, Tesla’s release detailed that its gains accumulated for the first three months of this year were $438m, which widely differs from $16m last year, helped by the exchange of bitcoin and other environmental credits.

In the middle of these happenings, Elon Musk exposed on Saturday Night Live that he is a victim of Asperger’s syndrome.

Victims of Asperger’s Syndrome interpret the situation that surrounds them in a different way than other people.

Although, this is the first known time that Mr. Musk has said something about his condition.