Dogecoin and Bitcoin Head to The Moon in Today’s Rocket Launch

The United Launch Alliance has launched its first Vulcan Centaur rocket earlier today. The rocket is carrying the Peregrine lunar lander, a part of NASA’s Commercial Lunar Payload Services plan. However, the lander is not the only cargo the Vulcan Centaur rocket carries. In its payload is a replica of a Dogecoin (DOGE) coin. The Dogecoin Foundation confirmed the development via a post on X.

At the same time, popular crypto exchange BitMex, with founder Arthur Hayes, had also expressed interest in sending a Bitcoin (BTC) replica on the same journey. Hayes called the mission “Bitcoin to the moon.”

The lunar mission will be a historic milestone for the space and cryptocurrency industries. The rocket took off earlier today with no problems during lift-off. Those who are interested can watch a video of the launch on YouTube.

Will Dogecoin and Bitcoin prices go to the moon as well?

A physical Dogecoin (DOGE) going to the moon represents fans wanting a similar outcome for the asset’s price. However, the popular memecoin is struggling to gain momentum. DOGE is currently down by 3.2% in the daily charts, over 13% in the weekly charts, and over 25% over the previous month.

Moreover, since January 2023, Dogecoin’s (DOGE) price has rallied by a mere 8.2%. On the other hand, BTC has surged by over 150% since January 2023.

However, this is not the only Dogecoin (DOGE) “to the moon” mission. Elon Musk’s SpaceX is funding the DOGE-1 satellite, developed by space technology firm Geometric Energy Corporation. The satellite will hit the skies on the SpaceX Falcon 9 rocket. However, many anticipate Musk’s DOGE satellite to give a more significant push to the asset’s price, given that the billionaire is one of the biggest DOGE supporters globally.

#DogecoinPrice #BitcoinPrice2024 #Priceanalysis #PriceProjections #CryptoScoop