FX.co ★ Tesla CEO Elon Musk wants to create MarsCoin

It is difficult to talk about high reliability of assets that decrease or rise in value after posting on Twitter. Cryptocurrencies have always been extremely volatile. However, Elon Musk’s recent attention to them produced not only wild fluctuations of digital coins but also made headlines in the media. Thus, he gave his support to the meme-based cryptocurrency, Dogecoin. As a result, the shiba inu-themed digital coin skyrocketed by 470%. Then, Musk wanted major holders of the virtual asset to sell most of their coins, which sent the quotes into a tailspin afterwards.

This time, the founder of Tesla and SpaceX has cheered up the market with a new announcement. Musk discussed the possibility of creating his own token in a Twitter conversation. The billionaire was offered to produce his own cryptocurrency. Musk replied almost immediately: "There will definitely be a MarsCoin!" This tweet was enough for the world’s leading periodicals to release articles headlined "SpaceX and Tesla CEO Elon Musk plans to create MarsCoin."