- Elon Musk reignites the Dogecoin to the moon discussion with next year’s target.
- Adam Lowisz says putting DOGE on the moon is inevitable.
- DOGE users recall Elon Musk’s influence on the cryptocurrency in 2021.
Elon Musk, arguably the biggest Dogecoin influencer, has sparked discussions about the meme coin after his latest projection on X.
DOGE to the Moon in 2027?
Tesla Owners Silicon Valley, a Tesla club on X, dug up an old post from 2021, in which Elon Musk said SpaceX would send Dogecoin to the moon. When asked about the timeline, Musk replied that it could happen next year.
In a follow-up to the same post, Adam Lowisz said, “Doge on the moon is inevitable,” to which Musk responded simply but affirmatively, “Yes.”
Notably, this series of events has rekindled discussions about DOGE and its potential to rally. Crypto users are recalling events from a few years ago, particularly in 2021, when Musk’s original post formed the tailwind behind Dogecoin’s most significant price surge of all time.
According to historical data, DOGE surged by over 2,600% in 2021, launching it into the limelight after several years as another cryptocurrency in the background. Software engineers Billy Markus and Jackson Palmer created Dogecoin in 2013 as a satirical, “fun and friendly” alternative to Bitcoin.
Elon Musk is Dogecoin’s Biggest Influencer
It is worth noting that Musk’s involvement in the Dogecoin ecosystem led to the cryptocurrency’s evolution, as its community members embarked on activities that could create utility out of the original product. The process triggered increased adoption, which launched DOGE into the top 10 cryptocurrencies by market capitalization.
Dogecoin has moved in tandem with the broader cryptocurrency market, experiencing the kind of volatility typically associated with top cryptos like Bitcoin and Ethereum. CoinMarketCap data show that DOGE traded for $0.1077 at the time of writing, declining over 57% over the year.
Musk’s latest posts have triggered renewed hope among DOGE holders, most of whom believe the renowned entrepreneur can create significant demand for the meme coin.
Related: Dogecoin Price Prediction: DOGE Breaks $0.12 As ETF Flows Dry Up
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Source: https://coinedition.com/elon-musk-sets-timeline-for-putting-dogecoin-on-the-moon-maybe-next-year/