Elon Musk’s Dogecoin-funded mission is now set to launch in the first quarter of 2022. It was first announced May 1, 2018, by the billionaire. tweetedLearn more. This mission has been paid in full in Doge. It will not only become the first space-based crypto, but also the first space-based meme coin.
SpaceX launches satellite Doge-1 from SpaceX to the Moon next year
– Mission paid for in Doge
– 1st crypto in space
– 1st meme in spaceIt’s a mooooonnnn!!https://t.co/xXfjGZVeUW
— Elon Musk (@elonmusk) May 9, 2021
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This had been announced at the height of the Dogecoin rally following Musk’s public support of the digital asset earlier in the year. Dogecoin’s launch was a milestone in the history of cryptocurrency. Musk announced in February that DOGE-1 would launch the mission. It seems the project is moving according to plan.
Doge-1 is Ready to Go
The DOGE-1 mission will launch early in 2022, according to Wednesday’s report. SpaceX had collaborated with Unizen, a blockchain company, and ZenX in order to make the project a reality. As a new application case for crypto space, the CubeSat will weigh 40 kg and be sent into orbit. CubeSat is able to collect data using various techniques, such as cameras, mirrors and sensors. It will then relay that information back from Earth.
Doge price doesn't change despite the DOGE-1 launch. Source: TradingView.com.| Source: DOGEUSD on TradingView.com
Launching the CubeSat combines the technology behind SpaceX’s FalconX and blockchain technology. The miniature satellite will be launched to orbit the Moon in order to collect lunar-spatial information.
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 reacts to The News
There was not much reaction from the meme coin to the launch. Dogecoin remained steady at $0.26, with little movement either upwards or downs. Dogecoin is still stuck at $0.26 despite a large portion of the market rising to record levels.
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Altcoin would normally rally if news such as this were out, just like it did in May when the news about the mini satellite was first reported. The news about the launch did not move Dogecoin’s value.
The market is now focusing on other projects, and this may be partly due to Elon Musk’s declining influence over meme coins. Dogecoin has been left in the dust by Shiba Inu, who is now the most popular meme coin.
Featured Image from Bitcoinist. Chart from TradingView.com