Elon Musk SpaceX Dogecoin tweet fails to spur price

Elon Musk said that the satellite, dubbed Doge-1, would be the first-ever crypto in space and the 'first meme in space'. Photo: Hannibal Hanschke/Reuters

Elon Musk said that the satellite, dubbed Doge-1, would be the first-ever crypto in space and the ‘first meme in space’. Photo: Hannibal Hanschke/Reuters

A tweet from Elon Musk saying that his SpaceX company would accept dogecoin (DOGE-USD) to fund a lunar mission next year failed to spur the price of the cryptocurrency on Monday.

Dogecoin, which had been rallying last week as internet users tried to push the value of the coin to $1 (£0.70), was lower on the day, down 1.1% to $0.53.

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