Meme Crypto Doge Rallies 40% in a Week on Expectations of Satellite Doge-1 Launch in Jan
As the era of hardships for the biggest assets on the cryptocurrency market continues, certain crypto tokens are performing exceptionally well, which include the meme cryptocurrency Dogecoin (DOGE), which is sky rocketing on the hopes of the forthcoming launch of a lunar satellite straightforwardly associated with the asset.
The countdown has begun for the January 14, 2023 roll out of the SpaceX Falcon 9 with DOGE-1 and IM-1/NOVA-C lunar missions from Kennedy Space Center in Florida, as per information obtained on November 28 from SpaceTV, which will webcast the activity.
As a recap, SpaceX founder and Tesla (NASDAQ: TSLA) CEO Elon Musk revealed the “DOGE-1 Mission to the Moon” in May 2021. Later it was revealed that the launch has been delayed owing to Intuitive Machines’ IM-1 lunar lander controlling the mission’s development. According to data obtained by Coingecko on November 28th, DOGE was trading at $0.1045 at the time of publication, representing a daily gain of 9.5% and a significant weekly gain of 39%.
Musk cryptocurrency podcaster David Gokhshtein informed his 700,000 listeners on November 25 that he expected Ethereum (ETH) co-founder Vitalik Buterin and the upcoming Twitter (NYSE: TWTR) CEO will quickly start working together to enhance DOGE.
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
Significantly, as reported by Finbold in September 2021, Buterin stated at the time that DOGE programmers should explore converting to the Proof-of-Stake (PoS) algorithm, noting that the Ethereum code may be leveraged to facilitate this transfer.
As demand in the decentralized finance (DeFi) token grows, the roll out of the DOGE-1 lunar spacecraft and integration of the token as a payment mechanism on Twitter might cause Dogecoin to soar to all-time peaks, possibly surpassing its all-time peak from May 2021.