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Dogecoin-Funded SpaceX DOGE-1 Has Lift-Off Date

Elon Musk’s Dogecoin funded mission will launch in the first quarter 2022. In May, Elon Musk had tweeted about the launch. Doge has paid the full cost of the mission. It will be the first space-based crypto and the first space-based meme coin.

After Musk’s support for the digital asset earlier this year, the announcement was made at the height of Dogecoin’s rally. Dogecoin’s launch was a milestone in the history of cryptocurrency. Musk had previously announced that DOGE-1 would launch in 2022. It seems like the project has been moving according to plan.

DOGE-1 to the Moon

The DOGE-1 mission will be launched in 2022. SpaceX has partnered with Unizen and ZenX to bring this project to fruition. As a new application case for crypto space, the CubeSat will be launched into orbit at 40 kg. CubeSat will gather information using a variety of methods including cameras, sensors, mirrors and cameras. This information will be relayed back to Earth.

The CubeSat is a combination of the FalconX technology from SpaceX and blockchain technology. The miniature satellite will orbit around the moon once it is launched to collect lunar-spatial information.

NASA’s CAPSTONE CubeSat, which was to be the first CubeSat orbiting the moon, is scheduled to launch prior to the DOGE-1 CubeSat. NASA’s launch was delayed several times by NASA, putting DOGE-1 ahead CAPSTONE. According to the report, DOGE-1 could become the first cubist to reach the Moon in history. This is a major achievement in global spaceflight.

Dogecoin Continues to be Flat

The launch of the meme coin didn’t see much reaction from the meme coin. Dogecoin remained steady at $0.26, with no notable movement upwards or downs. Dogecoin is still stuck at $0.26 despite a large portion of the market rising to new all time highs.

Altcoin would have rallied if this news had come earlier, just as it did in May when the news about the mini satellite’s launch broke. The news of the launch did not move Dogecoin’s value.

This is partly due to Elon Musk’s declining influence over the meme coin but also because the market has moved on to other projects. Dogecoin has been left in the dust by Shiba Inu, who is now the most popular meme coin.