Dogecoin to go to the moon next year as SpaceX launches first-ever DOGE-funded mission


  • SpaceX is launching the "DOGE-1 Mission to the Moon" in early 2022, accepting Dogecoin as payment.
  • Vice president of commercial sales of the aerospace manufacturer said DOGE-1 would prove the use of cryptocurrencies beyond earth.
  • The announcement comes after Elon Musk made his "Saturday Night Live" debut as the meme-inspired crypto plunged by over 30%.

Dogecoin has gained further traction as Elon Musk’s SpaceX will be launching a new DOGE-paid mission.  

Dogecoin goes to the moon

One of SpaceX’s first rockets to the moon, “DOGE-1 Mission” will launch in the first quarter of 2022. Geometric Energy Corporation recently announced that it will be paying the company in Dogecoin. Musk previously hinted at this development on April Fool’s Day, stating that “SpaceX is going to put a literal Dogecoin on the literal moon.” 

SpaceX vice president of commercial sales Tom Ochinero said:

This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.

Manufacturing and logistics firm Geometric Energy Corporation revealed that DOGE-1 would be flying a 40-kilogram cube satellite as payload on a Falcon 9 rocket. The firm said the payload is designed to “obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.” Geometric Energy CEO Samuel Reid added:

Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector.

Despite the push for the meme-inspired cryptocurrency in the announcement, neither firm has specified how Dogecoin would be used to fund the mission. 

The fifth-largest digital asset by market capitalization has plunged from an all-time high of $0.73 to a low of $0.43 after Musk’s appearance on “Saturday Night Live.” Prior to his debut, Dogecoin surged massively over the past month, pushing its market value to $70 billion. 

Musk coined himself as “The Dogefather” on Twitter and stated that the cryptocurrency is “as real as” the US dollar. Although the renowned billionaire believes that Dogecoin is an “unstoppable financial vehicle that is going to take over the world,” he has cautioned his Twitter followers to invest responsibly. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

SafeMoon looks to climb 20%

SafeMoon price shows a resurgence of bulls that have kept it from heading lower. Instead, SAFEMOON has ricocheted off the support level and might continue to rise if the buyers persist.

More SafeMoon News

Ethereum price prepares for a bullish weekend, targeting $3,000

Ethereum price seems prime to revisit $3,000. Although ETH faces resistance at $2,300, the upswing seems imminent. A downswing below $2,000 could invalidate the bullish thesis. 

More Ethereum News

VeChain forms potential bottom, eyes 30% upswing

VeChain price retraces to a stable demand level as investors book profits after a minor upswing. VET will face an uphill battle with multiple swing highs to take out. Therefore, investors can expect this rally to be a slow run-up.

More VeChain News

Bitcoin goes through range of emotions, from legal tender to Chinese miners exodus

Bitcoin price rallied wildly on the news of it becoming legal tender in El Salvador, but China’s clampdown on miners was equally palpable. BTC seems to be taking a breather before its uptrend resumes.

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP