Musk declares ‘Doge To The Moon’ and meme Crypto takes off -…

Musk declares ‘Doge To The Moon’ and meme Crypto takes off -…

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The richest person in the world is now the CEO of three companies. Along with running Tesla Inc TSLA, SpaceX and Twitter, Elon Musk also finds time to be active on Twitter, which is where he is now second most followed person.

Known for his continued support of Meme Crypto Dogecoins DOGE/USDComments by Musk early Saturday morning could have sparked another rally for the cryptocurrency.

What happened: Dogecoin has a multi-year history with Elon Musk. On April 2, 2019 Musk made his first clue to Dogecoin: “Maybe my favorite cryptocurrency. It’s pretty cool.”

Musk also posted a meme on July 17, 2020 related to Dogecoin passing through the global financial system and captioned it “It’s inevitable.”

Since 2021 the year of Dogecoin, Musk has been one of the biggest supporters of the cryptocurrency, possibly helping it to reach an all-time high of $0.7375.

In May 2021, Musk referenced Dogecoin while hosting an episode of “Saturday Night Live.” Musk has appeared in several skits, including as fake financial expert Lloyd Ostertag on Weekend Update.

As Easter Day, Musk’s character asked to be called “Dog Dad” and explained some of the positive aspects of Dogecoin.

“It’s the future of currency,” Ostertag said. “It is an unstoppable financial vehicle that will take over the world.”

Musk’s character ends the skit by announcing “To the mooooon!” Supporting a rallying cry for Dogecoin to shoot higher, which is often used by the cryptocurrency community.

Musk repeated the dogecoin saying during a Twitter Spaces meetup with thousands of live listeners early Saturday morning.

Related link: If you had invested $1,000 in Dogecoin when Elon Musk revived his $4 billion Twitter offering, here’s what you would have now:

Why it matters: During the Twitter Spaces performance, Musk may have started a new rally in Dogecoin. The meme cryptocurrency traded higher after Musk completed that $44 billion acquisition…

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