Through an eye-catching post uploaded on the social media site X, MyDOGE CEO, a.k.a. Jordan Jefferson, recently orchestrated a tidal wave of speculations over the broader crypto market on Thursday. This is a fantastic turn of events. The engineer and founder of Dogecoin wallet claimed in a post that DOGE will be the future money of Mars. Global traders and investors in the cryptocurrency space seem to be quite curious about this, and the community is expecting significant announcements or changes in price movement shortly.
In the meantime, the price of DOGE saw a significant increase today, generating further implications for the meme coin. Conjectures concerning the token were further stoked when Doge Designer, UX/UI, and graphics designer at Dogecoin highlighted the post made by the CEO of MyDOGE on X.
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Musk's Story of Dogecoin and Mars
According to Jordan's essay, DOGE will be the future currency of Mars. Musk's vision of self-sustaining life on Mars and his significant increase in Dogecoin's value are in line with this.
Notably, Musk dismissed the previous year's ambitions for Mission Mars in favor of creating initiatives through SpaceX. Shortly after Dogecoin entered the cryptocurrency world, he went on to say that he still believed in it, garnering significant attention from the community.
About this, it seems that the post has greatly increased the optimism of worldwide cryptocurrency enthusiasts about a possible change in price action or upcoming DOGE improvements. This reflects the recent spike in the price of DOGE as well.
In the meantime, today's price increase is consistent with the 6.08% increase in DOGE open interest.
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Prices of Dogecoin Jump
As of this writing, the price of Dogecoin, which is presently trading at $0.07992, has increased by 1.93% over the previous day. Its weekly and monthly charts also indicate an increase of 1.79% and 1%, respectively. Furthermore, the increase in open interest was reflected in the trading volume and market capitalization, which both saw consecutive increases of 32.81% and 1.95%.