Is Dogecoin Stabilising After the Latest Crash or Will It Drop Even Further?

Dogecoin has been the favourite cryptocurrency of the Internet in recent months, with wild rises in its price. But things changed after peaking around the start of this month, and it’s been in freefall since. However, although small drops continue (including fairly sharply in the last few hours) prices are starting to look a little more stable now, and are still high compared to the period before April this year.

Cryptocurrency: Musk’s SpaceX to launch dogecoin moon mission

SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany.IMAGE COPYRIGHTGETTY IMAGES
Elon Musk has said his rocket company SpaceX will now accept the meme-inspired cryptocurrency dogecoin as payment.

In a tweet he said the commercial space exploration firm will launch the “DOGE-1 Mission to the Moon” early next year.

It came as dogecoin continued to fall after the technology billionaire said on television that it was a “hustle”.

Last month, he tweeted that SpaceX was going to put a “literal Dogecoin on the literal moon”.