Elon Musk and Binance boss CZ cause the Marscoin to rise rapidly - unintentionallyAnd again Elon Musk tweets a crypto currency upwards. In this case, however, it happened unintentionally, because he apparently did not know that the Marscoin already existed.
The Mars plans of Elon Musk's space company SpaceX are taking shape. He claims to have flown the first humans to Mars as early as 2024. After that, controllable work equipment will be brought from Earth to the red planet, which will build a city for up to a million people there. We had already reported that it should initially be about people “who can also afford it”.
Now he's been thinking on Twitter about how an economy could work on Mars. It is clear to Musk that a crypto currency must be used as a means of payment. It could well be the Dogecoin, he announced. A prerequisite would be that owners of large Dogecoin stocks dissolve them in order to eliminate the concentration on a few owners.
In other Twitter users, Musk then suggested developing his own Eloncoin with him, before Binance boss Changpeng Zhao aka CZ joined the thread and suggested the Marscoin. Apparently Musk liked the name much better.
There will definitely be a Marscoin, he confirmed. What he apparently did not know was that the Marscoin has actually been around since 2014. It was conceived as a derivative of Litecoin and has expressly written support for the colonization of the red planet in its purpose of existence.
![](https://pbs.twimg.com/media/EuXVBt8UUAEVXc8?format=jpg&name=small)
Immediately after Musk's tweet, the Marscoin price exploded. At its peak, the value of the Marscoin increased by almost 500 percent, the trading volume increased by over 7,500 percent and the market capitalization increased by almost 650 percent.
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