Dogecoin is up 29% after Elon Musk tweets SpaceX to place the cryptocurrency on “literal moon” | has set foreign money messages | Monetary and enterprise information

Dogecoin rose 29% on Thursday to its highest level since mid-February after Elon Musk tweeted about his space research firm bringing a “literal” version of the meme cryptocurrency to the moon.

At 6:25 am CET, the Tesla CEO and SpaceX released a tweet to its 50 million followers saying, “SpaceX is going to put a literal Dogecoin on the literal moon.”

Dogecoin rose to a high of $ 0.70 on the Bittrex exchange, up 29% from when Musk tweeted. It was last at $ 0.634 at 9:18 AM ET, up around 18% from the same point in time.

This isn’t the first time Tesla’s newly appointed “technoking” tweeted about the token currency. The billionaire posted a one-word tweet in February that increased Dogecoin by 25% in minutes.

Dogecoin, which started as a joke in 2013, became famous thanks to well-known supporters like Musk, but also rapper Snoop Dogg and Kiss member Gene Simmons. For a short time, Dogecoin had a market valuation of $ 10 billion, which made it more valuable than a number of large companies.

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