Thanks to the help of Elon Musk and SpaceX, Dogecoin will go to the Moon next year, but will the market value come even as soon as possible?
Doge to the Moon is something that is now set to become a reality, thanks to Elon Musk and SpaceX. Dogecoin cryptocurrency has grown in popularity in recent months and the latest development marks an important milestone in consolidating the future of meme crypto. Here’s an overview of what SpaceX has announced and why it matters.
Bitcoin and Ethereum are the two most common names mentioned when talking about cryptocurrency. However, they are far from which is only one. In particular, meme cryptos have become a popular topic of late, with Dogecoin arguably the most well-known in general. What helped Dogecoin become more popular was Elon Musk who, on more than one occasion, tweeted about the cryptocurrency. For most, Musk is alreadydoge-father, ”A title still featured during SpaceX CEO’s new look on SNL.
After his SNL debut, Musk Tweet that SpaceX will launch a Doge-1 satellite in 2022. In fact, Musk has confirmed that the launch of Doge-1 be a mission paid in full with Dogecoin, and it will represent the first crypto and meme in the space. Since then, an officer press release confirmed it Geometric Energy Corporation that pays for the launch of the satellite, in Dogecoin. According to the announcement, the Dogecoin payment will ensure a 40kg satellite will travel to Falcon 9 in Q1 2022 and be used to collect lunar-spatial intelligence.
SpaceX will launch satellite Doge-1 on the moon next year
– Paid the Doge’s mission
– 1st crypto in space
– 1st meme in space
Sa mooooonnn !!https://t.co/xXfjGZVeUW
– Elon Musk (@elonmusk) May 9, 2021
Why SpaceX Is Accepting Dogecoin Reasons
Musk’s other company, Tesla, has already started accepting Bitcoin as a payment method. Regardless, there is also Tesla bought and sold Bitcoin of himself. However, there are some basic differences between Bitcoin and Dogecoin. For starters, while Bitcoin is seen by many as a viable alternative to traditional currency, Dogecoin is conceived as just another joke. More specifically, as a meme. Since then, its popularity has grown tremendously and there has been an even more recent debate over whether Dogecoin could be a human alternative to Bitcoin. Arguably, SpaceX is now adding more legitimacy to Dogecoin by accepting it as payment for a service. Also, it’s not the first to do so, considering the Oakland A’s recently Office has partnered the MLB team also offers fans the option to purchase game tickets using Dogecoin.
While some may argue whether Dogecoin is a legitimate currency or not, it is in market terms. Dogecoin has been on a sharp rise in recent weeks, and even if its value has picked up during the SNL broadcast, its proponents are still strongly focused on achieving a dollar milestone. An increase in the purpose of the value part of the wider ‘Doge of the Moon‘movement. Something that, thanks to Musk and SpaceX, has now become a reality outside of Doge’s market value.
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