Elon Musk drops that he will have a cryptocurrency of his own and causes the price of MarsCoin to skyrocket

The cryptocurrency appreciated 2,500% in one hour, going from $ 0.1 to $ 2.5.

The founder of Tesla and SpaceX, Elon Musk, suggested on Twitter that the name of his potential digital currency will be MarsCoin, thereby unleashing the strong appreciation of an altcoin with the same name. According data From CoinMarketCap, the Marscoin (MARS) token soared 2,500% from $ 0.1 to $ 2.5 in an hour.

In a discussion on Twitter about the billionaire’s intention to buy large amounts of Dogecoin to increase its value, a follower of Musk suggested to the businessman that he create his own digital currency, which he could call ElonCoin. “You wouldn’t have to pay [en dólares] for the main Dogecoin holders to become richer than they already are, “he commented.

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For his part, Changpeng Zhao, CEO of Binance, one of the largest virtual cryptocurrency exchanges, proposed another name: MarsCoin; to which the tycoon replied: “There will definitely be a MarsCoin“.

Following Musk’s tweet, netizens rushed to buy MarsCoin (MARS), forcing even the CoinMarketCap service to publish a clarifying note assuring that this cryptocurrency “is not affiliated with Elon Musk.”

Zhao’s comment on MarsCoin seems to reference earlier discussions that suggest that Musk would create a cryptocurrency for SpaceX’s missions to Mars scheduled for 2024.

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