If you think that you heard it all and the world can not get weirder, then you should look again. What can be weirder than a Metaverse around the corner or a Meme Coin that has over a billion in market cap. A meme coin funding a space mission. Yes, you read it right: A MEME COIN IS FUNDING A SPACE MISSION. In this article we will take a look at this news and discuss what it could mean for the future of this meme coin.
SpaceX Mission to Moon
To stop keep you waiting which meme coin I am talking about: it is of course Doge Coin. SpaceX is planning on launching a rocket into space in early 2022 which will contain a payload that was paid for using Doge. The payload in question is a small satellite called the Doge1 that will orbit the earth from the same distance as the moon and collect information about what is out there. Amazingly enough, it looks like Doge 1 will be one of the first small satellites that will orbit the earth from such a long distance. This will turn a meme into a historical space exploration. What a time to be alive :D.
These plans were first revealed back in May and a SpaceX employee noted at the time that the mission “set the foundation for interplanetary commerce”. The cost of sending this satellite into space is estimated to be around 250 million USD which works out around 1 billion Doge at today`s prices. The question here is, whether it will have an influence of Doge because there is a lot of buying pressure. But maybe this already happened, and we just did not notice because it had literally no effect on the price.
Conclusion
The hype around this launch could be enough to shoot Doge to new all-time highs, which would mean an incredible market cap of Doge. It is also worth pointing out that the tentative date of March 2022 for the launch of Doge 1 coincides with the top of the current crypto bull market. This could mean that after the launch we could see a moderate downfall for all crypto prices and the beginning of a bear market. I personally thing it is a cool idea that such movements as it is Doge make it into the scientific and engineering world. This means that people can change anything if they just want it, although it is a very funny origin. Maybe it just shows that nothing has to be taken seriously but I could be wrong here.
Published by ga38jem on
Publish0x|LeoFinance|Steemit|read.cash
On 18th November 2021
Sources:
https://cointelegraph.com/news/doge-1-moon-mission-set-for-launch-with-spacex-in-early-202
https://www.space.com/spacex-dogecoin-moon-mission
https://www.bbc.com/news/business-57052811
It still won't change the fact that it's a meme coin, these are just types to get more people on the coin, but very well, the crypto market can be very volatile, could this be a new phase for dogecoin? Only time would reveal, I look forward to seeing this play out.