SaylorMoon has seen a price rise of 200% in the last day.
Meme culture has arguably now become irreversibly entwined with cryptocurrencies. With the success of Dogecoin and Siba Inu, there is much to be said for jokes reaching a post-irony where people such as Elon Musk argue that Dogecoin, a coin with an unlimited circulation possibly, could be feasibly used by payments.
Michael Saylor, the renowned Bitcoin supporter and maximalist, was tweeting out his latest video on the first cryptocurrency when Musk tweeted “SaylorMoon” in response.
— Elon Musk (@elonmusk) May 16, 2021
This joke alluded to Saylor’s long-standing praise for Bitcoin, with Musk’s joke suggesting that Saylor treats the corn like it’s his own personal project.
In response to the exchange, someone has decideed to turn Musk’s jibe into a crypto token which has seen an increase of over 200% since its launch in the middle of May.
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Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Why could SaylorMoon (SMOON) be a great investment today?
According to the platform’s roadmap on their website, the developers hope to be listed on a number of exchanges throughout the rest of 2021.
If they are successful in this, it’s possible that the price could see further hikes over the coming months.
This trajectory can be seen for more popular meme coins such as Dogecoin, which has a seen a year-to-date of 14,044% as there has been a greater acceptance of joke coins, with Coinbase being the latest major exchanges to host Dogecoin on its platform.