Dogecoin (DOGE) is going to the moon! No, this is not an investment advice, but just news that a physical representation of the token will be taken to the lunar surface by Astrobotic in December.
The DOGE Moon Mission
According to Dogecoin’s post on the X platform, the physical manifestation of the dog-themed token will be launched to Earth’s moon in the DHL Moonbox via United Launch Alliance’s (ULA) Vulcan Centaur Rocket. The lunar mission funded by the DOGE community back in 2015 will commence on December 23, 2023.
Alongside the DOGE payload is a physical version of Bitcoin (BTC), courtesy of BitMEX. The cryptocurrency exchange announced this initiative in May this year. It will reportedly carry a copy of the Genesis Block, too—the first block of BTC mined. The latter is sponsored by Bitcoin Magazine.
In addition to the crypto cargo, the Peregrine Mission One (PM1) of Astrobotics will be transporting 21 other items from the government, private companies, universities, and the National Aeronautics and Space Administration’s (NASA) Commercial Lunar Payload Services (CLPS) venture.
With the postponement of the DOGE token-sponsored moon mission of SpaceX to January next year, the ULA mission is positioned to grab the bragging rights of taking the cryptocurrency to the moon first. Regardless of which one emerges as the winner in the space race though, one thing is for sure: the Dogecoin community is set to reap the rewards in the resulting hype.
Time and again, DOGE defied technical analysis charts by riding with whatever hype it can connect with because of its ability to resonate with popular culture or trends. With that said, two consecutive space missions will most likely bring the token on the news, which may get it rallying further.
As of this writing at 2:00 PM UTC time, Doge is priced at the $0.08 line against the US dollar, showing over two percent rise in value within the 24-hour frame. The coin’s trading volume, meanwhile, is down by more than 25% as it treaded a low of $0.078 and a high of $0.082. This indicates that people are likely on a watch-and-wait or HODL mode with the digital asset.
The present valuation of the token is still a far cry from its record-high of $0.73 in May 2021, but it remains to be seen how the ensuing publicity will affect it by December this year to January next year.