Earlier in the month, Dogecoin (DOGE) made substantial gains after Elon Musk twitted that, Dogecoin is his favorite coin. This gives an idea of how big of an impact, influential people have on crypto prices.
So, riding on this, and the goodwill that Elon Musk has shown towards Dogecoin (DOGE), how about lobbying for him to send Doge into space, literally? The whole thing would be simple, put some community-donated Doge into a paper or hardware wallet, and have it sent into space with a SpaceX rocket. Musk has tried out some even crazier ideas in the past, such as sending a car into space, so this one shouldn’t be difficult.
The impact of this on Dogecoin (DOGE) would be extraordinary. When Musk sent a Tesla into space, the whole world was watching. The world would also be watching with excitement as the first piece of cryptocurrency, “the future of money” makes it into space. The buzz this would create could easily push Dogecoin (DOGE)’s value up by a huge margin. For context, Dogecoin (DOGE) shot up in value after Musk’s announcement that he likes Doge. How much bigger would it be, if he actually chose to put it into space? Everyone would be falling over themselves trying to get a piece of Dogecoin (DOGE).
On top of that initial increase in excitement that this would create, the stature of Dogecoin (DOGE) in the crypto community would rise. That’s because, in spite of all the things that Dogecoin (DOGE) has achieved so far, a sizeable part of the crypto community still regards it as a joke. This perception, like all perceptions, has not been easy to shed off. However, this would change quickly if a publicity stunt of this level were to take place. It would change because people would suddenly start associating Dogecoin (DOGE) with established companies like Tesla and SpaceX. As perception changes, the demand for Dogecoin would also rise. The result would be a significant increase in price, within a very short time.
So is this doable? It’s very much doable! Dogecoin (DOGE) has one of the most vibrant communities in crypto. As such, generating enough buzz, to entice Elon Musk to do this, would not be difficult. Besides, the community can even raise funds through a crowdfunding campaign to make it happen.
However, even before this idea becomes a reality, Dogecoin (DOGE) still holds a lot of promise. Its usage by merchants continues to grow, and as it gets bigger, its value will continue to stabilize.
Besides, like all altcoins, it is heavily tied to Bitcoin (BTC) in terms of price movements, and the good thing is that, Bitcoin (BTC) momentum is trending upwards. Even during this Easter holiday when volumes have been relatively low, Bitcoin (BTC) continues to hold above $5200, and with this, supports the altcoins market. If Bitcoin (BTC) makes a push towards $6k, then Dogecoin and all other altcoins will rise too, by a higher margin. It’s a win for Dogecoin (DOGE) either way.