Elon Musk's Latest Move Could Send Dogecoin Soaring -- But There's a Catch
The leading space company has a DOGE-themed mission planned later this year.
Overview
Elon Musk is a longtime fan of Dogecoin (CRYPTO: DOGE), the original meme coin (and still the largest). He first tweeted about it in 2019, writing that it might be his favorite cryptocurrency. Since then, Dogecoin's price has increased multiple times based on positive comments or other publicity from Musk, such as his 2021 appearance on Saturday Night Live.
The entrepreneur's latest big move was taking SpaceX public in the largest IPO in history. That could be good news for Dogecoin, as there's a surprising link between the space company and the cryptocurrency.
Image source: Getty Images.
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Originally published at www.fool.com.
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