Elon Musk is sending altcoin prices to the moon, but Bitcoin may be the first to land on the moon — literally.
The cryptocurrency jackpot is titled 'Going to the Moon.' It occurs when the price of a cryptocurrency skyrockets out of control. Elon Musk's cryptic tweets and indirect messages have been the driving force behind many moon runs in recent days, most recently CumRocket.
But that isn't the only source of inspiration he has. While Musk is sending the value of meme and joke-based cryptocurrencies to the moon, one cryptocurrency exchange believes it is a viable option.
Exchange of cryptocurrencies BitMEX has partnered with Astrobotic, a space robotics company, to literally put Bitcoin on the moon via an upcoming lunar mission.
BitMEX aspires to do for Bitcoin what Musk did for Tesla
While the billionaire has previously sent his Tesla Roadster into space as a marketing stunt, BitMEX is attempting to do the same with Bitcoin. The fact that Bitcoin has literally gone to the moon means a lot to the community, as the technology is regarded as a massive milestone in human history. The moon landings, the internet age, and now decentralised finance are all examples of technological advancements.
A physical coin resembling a Casascius coin will be included in the payload of the Astrobotic Peregrine lander, which will land on the moon later this year. Casascius coins are physical coins designed by Bitcoin user Casascius. Mike Caldwell is his real name, and they were sold until the end of 2013. The coin contains an embedded piece of paper with a digital Bitcoin value that is protected by a tamper-proof hologram.
These physical coins are available in denominations of 1, 10, 25, 100, and 1000 BTC. They are no longer available for purchase, and once a coin's private key is used, it loses all value. And no one can tamper with it because any attempt will destroy the critical hologram.
“It will be the first-ever bitcoin to land on the Moon's surface, with photographic evidence,” BitMEX said. The coin will precisely display the BitMEX name, the mission name, and the minting date. Also included is the bitcoin price at the time of minting.
If humans are able to settle on the moon in the near future, it will be interesting to see if Bitcoin and the cryptocurrency revolution can truly take over the world, or if it will fail like the dot com bubble.
On a cryptocurrency exchange, this is what 'going to the moon' looks like
Following an insane bull run that saw the value of Bitcoin, Ethereum, Dogecoin, and even Shiba Inu skyrocket, the SpaceX and Tesla CEO was spotted eyeing yet another cryptocurrency over the weekend— CumRocket.
According to CoinMarketCap data, its price increased by more than 352 percent from its 24-hour low of $0.05482 to its all-time high of $0.2481.
Similar to OnlyFans, the latest cryptocurrency in town aims to build a not-safe-for-work (NFSW) platform where users can upload content. It's a deflationary token with an in-built staking system, denoted by $cummies. As a result, users become interested without actually staking. Within two hours of Elon's tweet, it had risen by more than 30%. However, when the community began to call out his reckless behaviour, it quickly corrected itself.
Simply put, Cumrocket is a cryptocurrency that serves as a marketplace for adult content, also known as NSFW (not safe for work). It is a non-fungible token (NFT) marketplace, similar to Ethereum, where content creators are paid in crypto and tipped using special tokens called Cummies.
The user will be able to access this content via their digital wallet as well as the Binance Smart Chain (BSC) blockchain network.
Musk has, once again, single-handedly sent another cryptocurrency ‘to the moon,' albeit metaphorically, with his cryptic tweets.