The cryptocurrency Dogecoin was created as a joke in 2013, and as of this January, it was worth less than a penny per coin. By the end of the month, it had hit 5 cents, and in May, it reached a new high of 74 cents. This meteoric rise uncoincidentally coincided with Tesla and SpaceX CEO Elon Musk repeatedly talking about the cryptocurrency on his Twitter account, and its value peaked just days before Musk was set to host SNL for the very first time.
By the time the episode was over, dogecoin's value had tanked, as many owners likely cashed out. The coin's value is so volatile that it's hard to predict what will happen next, but it's clear that the billionaire's interest has yet to abate, as CNN reports that SpaceX will accept dogecoin as a form of payment for an upcoming mission.
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SpaceX is literally sending Dogecoin to the moon in upcoming mission originally appeared on BGR.com on Tue, 11 May 2021 at 16:24:19 EDT. Please see our terms for use of feeds.
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