Elon Musk wants to send Dogecoin to the moon, Total crypto market capitalization sets new all-time high
Elon Musk wants to send Dogecoin into space
The head of SpaceX, Elon Musk, wrote on his Twitter page that he intends to send a crypto coin to the moon. After that, the token went up in price by 30%.
“SpaceX is going to put a literal Dogecoin on the literal moon,” the entrepreneur wrote, without elaborating on the details of his plan.
SpaceX’s lunar mission is set to take place in 2023. However, users note that Musk’s statement may be an April Fool’s joke, so you shouldn’t take it seriously.
As of April 1, according to CoinDesk, the DOGE price is at $0.069. Before Musk’s tweet, the coin was worth about $0.054.
Total crypto market capitalization sets new all-time high above $1.9T
Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just under $2 trillion.
The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. The total market cap reached as high as $1.99 trillion earlier on the day, hitting a new all-time record.
In hitting its new historical high, the total crypto market capitalization has overtaken the market cap of oil and gas giant Saudi Aramco, the world’s second most valuable company by market cap after Apple. According to data from TradingView, Saudi Aramco’s market cap amounts to about 7 trillion Saudi riyals, or $1.86 trillion at the time of writing.
After surpassing the market cap of Google stock at above $1.4 trillion in February, the total crypto market cap has continued flipping the world’s largest companies including Amazon and Microsoft. At publishing time, Amazon and Microsoft’s respective market capitalizations are $1.5 trillion and $1.7 trillion.