Elon Musk has as soon as once more turned his consideration to Dogecoin (DOGE), and this time, he says it’s “time.”
On Nov. 3, Musk posted a brief however loaded replace on X (previously Twitter):
“It’s time.”
Again in April 2021, Musk tweeted considered one of his most well-known traces:
“SpaceX goes to place a literal Dogecoin on the literal moon.”
On the time, the put up despatched DOGE costs surging by almost 30% inside minutes, cementing Musk’s affect over the meme coin. Just a few weeks later, the SpaceX founder confirmed that his firm would certainly be launching DOGE-1, a lunar mission “paid for in Dogecoin” and billed as the “first crypto in area” and the “first meme in area.”
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DOGE-1 is a CubeSat mission developed by Canadian firm Geometric Power Company (GEC) and funded totally in Dogecoin. The payload will trip aboard a SpaceX Falcon 9 rocket, marking the primary area mission totally financed with a cryptocurrency.
The mission’s launch has confronted a number of delays however stays scheduled to happen in late 2025, in accordance with filings with the U.S. Federal Communications Fee.
Musk’s fascination with Dogecoin started years in the past, and his tweets have repeatedly moved its market. He’s known as it “the folks’s crypto” and joked that DOGE may grow to be the forex of Mars. At one level, he even modified his X bio to “Former CEO of Dogecoin.”
Every time, markets responded immediately—at its 2021 peak, Dogecoin’s worth rocketed over 13,000% year-to-date, briefly giving it a market capitalization above $80 billion.
Dogecoin, which began as a joke in 2013, has since grow to be considered one of crypto’s most acknowledged property. Its integration into Tesla merchandise funds and continued visibility by means of Musk’s posts have helped it outlive numerous different meme cash.
Dogecoin (DOGE) is buying and selling at $0.1656 at press time, down 9.6% up to now 24 hours and 18.5% over the previous week, in accordance with knowledge from CoinGecko. The meme coin’s market capitalization stands at $25.1 billion, inserting it tenth amongst all cryptocurrencies. Regardless of latest losses, DOGE stays up roughly 13% year-to-date, buoyed by renewed consideration from Elon Musk and ongoing retail accumulation close to the $0.17 help degree.
