This time was arguably the most overt example of “memeing” a cryptocurrency to the moon, however, as Musk promised that his other company SpaceX would “put a literal Dogecoin on the literal moon.” Immediately, Dogecoin began rising, reaching a peak of $0.07 before cooling off but still retaining the gains. Having began 2021 at just $0.004, DOGE’s year-to-date gains as of April 1 stood at over 1,500%. In a perhaps equally unlikely but genuine move, Latvian national carrier airBaltic announced this week that passengers can now book flights using DOGE along with several other altcoins. Bitcoin (BTC) has been accepted since 2014.
Musk, meanwhile, has found himself in hot water over his Twitter plugs, with reports emerging in February that the mogul was under investigation by United States authorities. He is not the only one to fall foul of the establishment for doing so. As Cointelegraph reported, entrepreneur John McAfee was charged with a raft of offenses last month, among which were his daily showcases of various cryptocurrencies on Twitter.