Dogecoin crashed with the Musk spacecraft. Dogecoin also plunged more than 8% as SpaceX’s Mars exploration spacecraft’Starship’ led by Tesla CEO Elon Musk exploded on the 20th (local time).
Based on CoinMarketCap at 10:25 am on the 21st, Dogecoin is trading at $0.08408 (approximately 111 won), down 8.26% from the previous day.
The reason why Dogecoin, which jumped more than 5% the previous afternoon, turned down in less than a day came from news related to Musk. Since Dogecoin is a virtual asset publicly supported by Musk, the price tends to fluctuate depending on his movements.
Dogecoin was staggered as Musk had setbacks in SpaceX’s space exploration. This is because the Starship launched by SpaceX at 8:33 am (local time) exploded in the sky and failed to fly. The cause of the flight failure is unknown.
Previously, Musk mentioned that he would use Dogecoin for SpaceX service and gave it a connection. Accordingly, it seems that the failure to launch Starship led to bad news for Dogecoin.
After the failed flight, Musk tweeted: “Congratulations to the SpaceX team on an exciting test flight launch,” and “learned a lot for the next test in a few months.”
If all goes according to his plans, the next test flight will take place in a few months. Depending on the re-challenge, the Dogecoin price is also expected to rise and fall. In fact, the previous day, Dogecoin recorded a strong performance with anticipation of Starship flight.
Meanwhile, Dogecoin soared 22% on the 4th when the Twitter logo was changed to the Dogecoin symbol ‘Shiba Inu’. Musk, who took over Twitter, hinted at a logo change, saying, “The blue bird is an old photo,” and it worked as a rising ingredient.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.