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 yr when the billionaire had tweeted about it. The mission is absolutely paid for in Doge and won’t solely be the primary crypto in area, however it would even be the primary meme coin in area.
SpaceX launching satellite tv for pc Doge-1 to the moon subsequent yr
– Mission paid for in Doge
– 1st crypto in area
– 1st meme in areaTo 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 yr. 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, often called DOGE-1, can be launched in 2022 and it looks like the undertaking is progressing on schedule.
DOGE-1 Is Prepared To Go
In accordance 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 deliver the undertaking to fruition. The CubeSat which weighs 40 kilograms shall be launched into orbit as a brand new use case for the crypto area. The CubeSat will accumulate data by means of varied strategies, together with sensors, cameras, and mirrors, and can relay this data again to Earth.
DOGE worth stays unmoved by DOGE-1 launch | Supply: DOGEUSD on TradingView.com
Launching the CubeSat combines the expertise behind SpaceX’s FalconX and blockchain expertise. Upon launch, the miniature satellite tv for pc will orbit the moon to acquire lunar-spatial intelligence.
The DOGE-1 CubeSat is about to launch earlier than NASA’s CAPSTONE, which was purported to be the primary CubeSat to orbit the moon. Nonetheless, NASA’s launch has been delayed quite a few instances, placing the DOGE-1 forward of CAPSTONE. “Which means that DOGE-1 might be the primary cubist in historical past to succeed in the moon, marking a big achievement for international spaceflight,” the businesses mentioned within the report.
Dogecoin Response To The Information
The meme coin didn’t see a lot in the way in which of a response to the information of the launch. Dogecoin continued to pattern round $0.26 with no vital motion from the asset upwards or downwards. Regardless of a very good portion of the market rallying to new all-time highs, Dogecoin has not been in a position to transfer near its file excessive.
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Beforehand, information like this might have brought on 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 because of the declining affect of Elon Musk over the meme coin, but additionally 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 undergo in its wake.
Featured picture from Bitcoinist, chart from TradingView.com
