Elon Musk Confirms Getting Dogecoin to the Moon
Analysis
Price Impact
MedWhile the immediate price reaction was a modest 2.39% surge, elon musk's continued commitment to dogecoin, especially with the 'to the moon' narrative, holds significant long-term psychological impact for the community and potential for future price movements.
Trustworthiness
HighElon musk has a consistent history of supporting dogecoin, and his companies (spacex) possess the technical capability to literally send a physical dogecoin to the moon. his public affirmations carry weight within the crypto space.
Price Direction
BullishMusk's confirmation reinforces a strong bullish sentiment for dogecoin. his 'to the moon' rhetoric is a powerful narrative driver for the meme coin, even if the actual event is years away. it reaffirms his belief in the project.
Time Effect
LongThe 'to the moon' mission is explicitly mentioned with a potential timeline extending to 'next year' (2025) or '2027'. this indicates a long-term catalyst rather than an immediate, short-term pump, fostering sustained interest.
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Cover image via U.Today Read U.TODAY on Google News Doge to the moon in 2027? Dogecoin price reacts Advertisement After about five years of silence, Tesla and SpaceX CEO Elon Musk has finally confirmed that it is still on a mission to get Dogecoin to the moon. The renowned billionaire made the confirmation in response to a viral bullish Dogecoin tweet, asserting that Dogecoin going to the moon is inevitable. Musk reacted to the post, acknowledging that he is still on a mission to literally get the leading meme token to the moon despite its recent price crash. HOT Stories Ripple Participates in High-Stakes White House Summit Crypto Market Review: XRP Abandoned by Bulls, Ethereum (ETH) Takes $200,000,000 Punch, Don't Write off Shiba Inu (SHIB) Top British Corporate BTC Holder Determined to Buy More U.Today Crypto Digest: Shiba Inu (SHIB) Eyes Potential 700% Rally, XRP Ledger Breaks Historical Record, Peter Brandt Issues Bearish Bitcoin Price Prediction Doge to the moon in 2027? It has been a while since Musk has issued a statement on Dogecoin and its future prospects. His confirmation on the asset comes about five years after he first revealed SpaceX's moon mission for Dogecoin. Advertisement As such, Musk’s recent confirmation has come after an old tweet about making SpaceX send Dogecoin to the moon in April 2021 resurfaced. You Might Also Like Wed, 12/17/2025 - 13:41 Elon Musk Reacts to Coinbase's Reincorporation in Texas: Details By Godfrey Benjamin The X community had planted the tweet on Tuesday, Feb. 3, asking when Musk was going to eventually implement the plan. In response to this inquiry, Musk confirmed that the plan may happen next year. Advertisement Although Musk is yet to announce an exact date for when SpaceX will put the literal Dogecoin on the literal moon, his response today has sparked bullish reactions across the crypto community. Dogecoin price reacts While Dogecoin had reacted with a massive price surge when the announcement was initially made in 2021, the resurfacing of the plan and its confirmation has only pushed Dogecoin slightly to the green zone. This time, Dogecoin has only surged briefly by 2.39%, a mild recovery for its recent price correction that saw it trade with heavy price declines. #Dogecoin #Elon Musk #Tesla News