Directly or indirectly, the world’s second-richest man, Elon Musk has fulfilled his promise of flying meme coin, Doge to the moon. Musk has fulfilled this promise to a large extent.
It is about his firm, SpaceX announcing that they would launch the “Doge-1 Mission to the Moon” by the first quarter of 2022. SpaceX also revealed that they have enabled Doge as a payment means for its lunar payload.
The firm made the announcement on Sunday but failed to disclose the financial value of the mission.
DOGE-1 will fly a 40-kilogram cube satellite as a payload on a Falcon 9 rocket, with Geometric Energy Corporation saying its payload “will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.”
SpaceX vice president of commercial sales Tom Ochinero said in a statement that DOGE-1 “will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”
He emphasized that they are excited to launch DOGE-1 to the moon.
When Elon Musk promised to take Dogecoin to the moon
The billionaire had previously announced SpaceX plans in a tweet, however, the Tesla CEO tweeted it on April Fool’s Day, raising serious doubt around the tweet. It appears to be true.
“SpaceX is going to put a literal Dogecoin on the literal moon,” Musk wrote.
SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021
On Sunday, however, “To the mooooonnn!!” SpaceX CEO Musk tweeted.
He also highlighted that the entire mission was paid for in Doge, the meme coin would be the first in space and the first crypto in space.
SpaceX launching satellite Doge-1 to the moon next year
– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space
To the mooooonnn!!https://t.co/xXfjGZVeUW
— Elon Musk (@elonmusk) May 9, 2021
However, the mission was made official after Musk made his debut appearance as host of Saturday Night Life. The show which was supposed to be a springboard for Doge to easily ramp its way to $1 failed the meme coin.
It rather made the coin drip below $.50.
Doge price slump after SNL
Dogecoin slumped Sunday after ElonMusk’s “SNL” appearance failed to rally prices toward $1.
Instead, the price of Dogecoin, which was around 70 cents before the show started Saturday night, plunged as low as 47 cents. At the time of writing, it had rebounded to about 57 cents, according to CoinGecko.
The digital currency, which was conceived as a joke, has spiked more than 10,000% year to date, and despite Sunday’s losses has gained nearly 400% over the past month.