Doge and Bitcoin: Today's Crypto Rocket Launch to the Moon

Jonathan Stoker Jan 08, 2024, 10:50am 146 views

Doge and Bitcoin: Today's Crypto Rocket Launch to the Moon

The Pioneer Launch by United Launch Alliance

United Launch Alliance has accomplished the debut launch of its Vulcan Centaur rocket earlier today. The significant payload of this rocket is the Peregrine lunar lander, a segment of NASA's Commercial Lunar Payload Services strategy. Interestingly, the Vulcan Centaur rocket has another cargo, a DogecoinDogecoin$0.091 -0.42% (DOGE) replica. This development has been stamped by the Dogecoin Foundation.

Details of the Launch

The United Launch Alliance (@ulalaunch) initiated the maiden journey of the Vulcan Centaur rocket within the day. The rocket's key cargo was the @astrobotic Peregrine lunar lander, which is an integral part of NASA's Commercial Lunar Payload Services plan and the @NASAArtemis initiative.

Cryptocurrency's Venture into Space

Notably, BitMex, a renowned cryptocurrency exchange along with its founder, Arthur Hayes, had hinted at their interest in dispatching a BitcoinBitcoin$42,260 -0.64% (BTC) replica on the same voyage. Arthur Hayes humorously named the mission Bitcoin to the moon. This expedition marks a significant milestone for both the space and cryptocurrency industries.

Live Coverage of the Event

The liftoff of the rocket went smoothly earlier today. Enthusiasts of space technology and cryptocurrency can catch the launch through a video available on YouTube.

Cryptocurrency Value Speculation

With a physical representation of Dogecoin (DOGE) heading towards the moon, enthusiasts are linking it to the future performance of the asset's price. However, the famous meme coin is facing difficulty in gaining traction. DOGE has witnessed a decrease of 3.2% in daily charts, more than 13% in weekly charts, and over 25% in the last month.

Performance of Cryptocurrencies

On the flip side, from January 2023, Dogecoin's (DOGE) price has experienced a marginal increase of only 8.2%. Meanwhile, BTC's valuation has witnessed an impressive surge of over 150% since January 2023.

Future Developments

Interestingly, this isn't the first space endeavor associated with Dogecoin (DOGE). Elon Musk's SpaceX is financing the DOGE-1 satellite, which is being developed by Geometric Energy Corporation. The satellite is slated to launch on the SpaceX Falcon 9 rocket. Many believe that Musk's DOGE satellite could significantly influence the asset's price, considering Musk's status as one of the largest DOGE endorsers worldwide.

Edited by Jonathan Stoker

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