SpaceX Dogecoin-Funded DOGE-1 Mission Set To Launch In Q1 2022
November 11 2021 - 3:30PM
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Elon Musk’s Dogecoin-funded mission is now set to launch in the
first quarter of 2022. The launch had been announced in May of this
year when the billionaire had tweeted about it. The mission is
fully paid for in Doge and will not only be the first crypto in
space, but it will also be the first meme coin in space. SpaceX
launching satellite Doge-1 to the moon next year – Mission paid for
in Doge– 1st crypto in space– 1st meme in space To the
mooooonnn!!https://t.co/xXfjGZVeUW — Elon Musk (@elonmusk) May 9,
2021 Related Reading | Elon Musk Plans To Become The World’s
First Dogecoin Trillionaire This had been announced at the height
of the Dogecoin rally following Musk’s public support of the
digital asset earlier in the year. The news of the mission had
further propelled the value of the coin forward as Dogecoin was set
to make history with this launch. Musk had announced that the
mission, known as DOGE-1, would be launched in 2022 and it seems
like the project is progressing on schedule. DOGE-1 Is Ready To Go
According to a report released on Wednesday, the DOGE-1 mission is
ready for launch in early 2022. SpaceX had partnered with two
blockchain companies, Unizen and ZenX, to bring the project to
fruition. The CubeSat which weighs 40 kilograms will be launched
into orbit as a new use case for the crypto space. The CubeSat will
collect information through various methods, including sensors,
cameras, and mirrors, and will relay this information back to
Earth. DOGE price remains unmoved by DOGE-1 launch | Source:
DOGEUSD on TradingView.com Launching the CubeSat combines the
technology behind SpaceX’s FalconX and blockchain technology. Upon
launch, the miniature satellite will orbit the moon to obtain
lunar-spatial intelligence. The DOGE-1 CubeSat is set to launch
before NASA’s CAPSTONE, which was supposed to be the first CubeSat
to orbit the moon. However, NASA’s launch has been delayed numerous
times, putting the DOGE-1 ahead of CAPSTONE. “This means that
DOGE-1 could be the first cubist in history to reach the moon,
marking a significant achievement for global spaceflight,” the
companies said in the report. Dogecoin Reaction To The News The
meme coin did not see much in the way of a reaction to the news of
the launch. Dogecoin continued to trend around $0.26 with no
significant movement from the asset upwards or downwards. Despite a
good portion of the market rallying to new all-time highs, Dogecoin
has not been able to move close to its record high. Related Reading
| Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed
Tokens Previously, news like this would have caused the altcoin to
rally, as it did when news of the miniature satellite had first
broken in May. This time around, the news of the launch was not
enough to move the value of Dogecoin. This is in part due to the
declining influence of Elon Musk over the meme coin, but also that
the market has now moved on to other projects. Shiba Inu has now
taken over as the meme coin of choice, leaving Dogecoin to suffer
in its wake. Featured image from Bitcoinist, chart from
TradingView.com
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