Dogecoin skyrocketed after that post by Elon Musk

It may sound like an April Fools joke, but when it comes to Dogecoin (DOGE), it doesn’t matter.

1-hour candlestick chart of the DOGE / USD pair (Bittrex). Source: Tradingview

Musk: “SpaceX will really launch Dogecoin”

Following the latest post by Tesla CEO Elon Musk, DOGE / USD jumped 35 percent on April 1, hitting the highest level in the past six weeks.

Musk is known for his explanations about Dogecoin and his interest in crypto money. Past posts of the CEO also caused movement in the price of the cryptocurrency.

This time, Elon Musk made a surprising statement and said that his other company SpaceX will actually launch Dogecoin to the moon.

After that, Dogecoin started to rise towards $ 0.07 and then slowed down.

Starting the new year at just $ 0.004, DOGE has gained more than 1,500 percent in three months.

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