Incredible Rise From Elon Musk's New Favourite Marscoin

An existing project, known as MarsCoin, has soared by an incredible 3,000% on Elon Musk's tweet.

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An existing project, known as MarsCoin, has soared by an incredible 3,000% on Elon Musk's tweet.

Tesla and SpaceX CEO Elon Musk's influence in the cryptocurrency sector continues with all its reality. Musk made millions of people invest in the cryptocurrency sector with his Bitcoin Investment and, most interestingly, his Dogecoin tweet. Now, Musk's focus is on a new and little-known cryptocurrency, MarsCoin.

Elon Musk Effect

Musk, the CEO of electric vehicle giant Tesla, has combined his love and commitment to astronomy with cryptocurrencies.

In recent days, Musk has criticized keeping most of the Dogecoin supply in certain large purses. On top of that, one Twitter user suggested to Musk that he should launch Eloncoin and give it to big DogeCoin owners to lower their positions. The world's largest stock exchange, Binance CEO Changpeng Zhao's proposal to Musk is Marscoin. Elon Musk responded by endorsing CZ: "it's definitely going to be Marscoin. “

Also, by the way, there is already a cryptocurrency called Marscoin. Since Musk's tweet, Marscoin has shown a parabolic rise. Before the tweet, Marscoin (MARS) was trading at $ 0.08. But after Musk's unofficial announcement, Marscoin saw $ 2.50 at ATH, up 3,000%. The price has been adjusted, but the rate is still over 300%, with Marscoin currently trading at US $ 0.36. Its market capitalization is $ 11 million, up 365% in the 24-hour period. The last 24-hour trading volume increased by 3532% to 23 thousand US dollars.

Cryptocurrency for the Red Planet

Marscoin derives its mission from the idea of human settlement on Mars. He even mentions SpaceX CEO Elon Musk on his website as the most important leader in the field. He explains the marscoin project as follows:

If you share our dream of making humans a multiplanetary species, we invite you to join our project. With your marscoin investment, you support the nonprofit Mars Society and contribute directly to Mars exploration and settlement.

But with all this going on, Marscoin has stated that he has no relationship with the richest man in the world. Additionally, this tweet is not Musk's first marscoin tweet. In December last year, he backed Marscoin to become Mars ' currency. But at the time, Musk did not have that degree of influence on the masses.

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