Written by: Martin
A post has once again ignited the cryptocurrency market! With a gentle wave of his "magic wand," Elon Musk has brought the dream of Dogecoin reaching the moon closer to reality than ever.
"The time has come." Elon Musk wrote in a post on November 4, referencing his statement from April 2021 that "SpaceX will send a real Dogecoin to the real moon." This brief message quickly sparked heated discussions within the cryptocurrency community.
The DOGE-1 lunar mission began with a tweet from Musk in 2021, which caused the price of DOGE to surge nearly 30% within minutes. After the post generated widespread attention, the SpaceX founder officially confirmed weeks later that the company would launch the "DOGE-1 lunar mission," accepting Dogecoin as payment.
The mission, developed by the Canadian company Geometric Energy Corporation (GEC), is a CubeSat microsatellite mission fully funded by Dogecoin. According to the plan, DOGE-1 will be launched aboard SpaceX's Falcon 9 rocket.
If successful, this will be the first space mission entirely funded by cryptocurrency. The U.S. Federal Communications Commission has already granted a license for the mission, which, according to the authorization documents, will expire "two years after the DOGE-1 mission launch or on October 30, 2025."
In contrast to the nearly 30% surge in Dogecoin's price following Musk's 2021 tweet, the market's reaction this time appears more rational. After the news broke, DOGE's price briefly rebounded from $0.172 to $0.178, before retreating due to overall market selling pressure.
This difference reflects the maturity of the cryptocurrency market, where investors are no longer blindly following the statements of opinion leaders but are instead focusing more on the fundamentals and value support of projects.
The current cryptocurrency market is under pressure, with Bitcoin falling below $106,000 and Ethereum losing ground at $3,600. If the DOGE-1 mission is successfully implemented, it will transition Dogecoin from a "Meme" into a real commercial application scenario.
This CubeSat satellite will be used for Earth observation and IoT data transmission, meaning DOGE could genuinely participate in a value closed loop in the physical world. SpaceX's Vice President of Commercial Sales, Tom Ochinero, stated, "DOGE-1 will demonstrate the application of cryptocurrency beyond Earth's orbit and lay the foundation for interstellar trade."
Unlike the promises made in 2021, this mission has passed technical review, has a complete mission process, and is scheduled for launch in December 2025, indicating that Musk is turning the "space rhetoric" of four years ago into reality.
The market is closely watching the launch plans for December; this mission is not only a technical test but also an important attempt at applying cryptocurrency in real-world scenarios.
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