The surge took Dogecoin on prime of the market cap of over $8 billion with a circulating provide of 129 billion. In keeping with CryptoSlate, it is a surge of greater than 3,434 per cent over the previous 12 months. Nonetheless, inside the previous week, Dogecoin managed to develop by as a lot as 23 per cent.
This tweet was one of many many Dogecoin-related feedback Musk has made in latest occasions. He as soon as stated that it might be the “future forex of Earth”. This explicit cryptocurrency began as a meme in its preliminary days whereas carrying the well-known Shiba Inu canine picture.
However now, like different rivals, Dogecoin has additionally gained recognition and even Musk has amassed a stack for his nine-month-old son.
However that isn’t the top of the Musk and cryptocurrency story. In December 2020, whereas responding to a Twitter thread, began by Synthetic Intelligence researcher Lex Fridman, Musk stated that the long run Mars economic system will run on cryptocurrency.
The billionaire, who is likely one of the co-founders of on-line funds large PayPal, additionally prompt that it might be Marscoin or Dogecoin.
Marscoin And Dogecoin
In keeping with the web site of Marscoin, this cryptocurrency is devoted to supporting the Mars human colony and different space-related programmes supposed to get people dwelling and thriving off of Earth.
“Marscoin is a testbed for experimentation with applied sciences that may assist early colonists on Mars construct governance, voting, stock monitoring, buying and selling and capital allocation,” the web site defined.
But it surely seems like Dogecoin might be a extra possible candidate for a future economic system past Earth as it’s extra widespread than Marscoin and shares many decentralised attributes as Bitcoin.
Final 12 months, Musk additionally modified his Twitter bio to “Former CEO of Dogecoin”. He wrote on the social media platform, “One phrase: Doge”.
On Christmas 2020, he tweeted, “Merry Christmas & comfortable holidays!” — attaching a picture that included the Dogecoin brand.