Elon Musk’s Dogecoin-funded mission is now set to launch within the first quarter of 2022. The launch had been introduced in Might of this 12 months when the billionaire had tweeted about it. The mission is totally paid for in Doge and won’t solely be the primary crypto in house, however it is going to even be the primary meme coin in house.
SpaceX launching satellite tv for pc Doge-1 to the moon subsequent 12 months
– Mission paid for in Doge
– 1st crypto in house
– 1st meme in house
To the mooooonnn!!https://t.co/xXfjGZVeUW
— Elon Musk (@elonmusk) May 9, 2021
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This had been introduced on the peak of the Dogecoin rally following Musk’s public assist of the digital asset earlier within the 12 months. The information of the mission had additional propelled the worth of the coin ahead as Dogecoin was set to make historical past with this launch. Musk had introduced that the mission, referred to as DOGE-1, could be launched in 2022 and it looks like the challenge is progressing on schedule.
DOGE-1 Is Prepared To Go
In line with a report launched on Wednesday, the DOGE-1 mission is prepared for launch in early 2022. SpaceX had partnered with two blockchain corporations, Unizen and ZenX, to carry the challenge to fruition. The CubeSat which weighs 40 kilograms will likely be launched into orbit as a brand new use case for the crypto house. The CubeSat will acquire info via varied strategies, together with sensors, cameras, and mirrors, and can relay this info again to Earth.
DOGE worth stays unmoved by DOGE-1 launch | Supply: DOGEUSD on TradingView.com
Launching the CubeSat combines the know-how behind SpaceX’s FalconX and blockchain know-how. Upon launch, the miniature satellite tv for pc will orbit the moon to acquire lunar-spatial intelligence.
The DOGE-1 CubeSat is ready to launch earlier than NASA’s CAPSTONE, which was speculated to be the primary CubeSat to orbit the moon. Nevertheless, NASA’s launch has been delayed quite a few instances, placing the DOGE-1 forward of CAPSTONE. “Because of this DOGE-1 might be the primary cubist in historical past to succeed in the moon, marking a major achievement for world spaceflight,” the businesses mentioned within the report.
Dogecoin Response To The Information
The meme coin didn’t see a lot in the best way of a response to the information of the launch. Dogecoin continued to development round $0.26 with no vital motion from the asset upwards or downwards. Regardless of an excellent portion of the market rallying to new all-time highs, Dogecoin has not been capable of transfer near its file excessive.
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Beforehand, information like this might have precipitated the altcoin to rally, because it did when information of the miniature satellite tv for pc had first damaged in Might. This time round, the information of the launch was not sufficient to maneuver the worth of Dogecoin.
That is partially as a result of declining affect of Elon Musk over the meme coin, but in addition that the market has now moved on to different initiatives. Shiba Inu has now taken over because the meme coin of alternative, leaving Dogecoin to endure in its wake.
Featured picture from Bitcoinist, chart from TradingView.com