Raise your hands if you have a HODL bag and have been waiting for your crypto assets to moon. Well, one popular meme coin is about to do that – literally. Dogecoin (DOGE) is about to follow in the footsteps of Astronaut Neil Armstrong and go to the lunar surface.
The team behind DOGE has announced that they are planning to send a physical version of the token to the moon in the DHL moonbox. The most popular meme coin will hitch a ride on the United Launch Alliance’s Vulcan Centaur Rocket on the 23rd of December.
DOGE as a Payload
The mission is funded by the DOGE community. It will be part of Astrobotic’s Peregrine Mission One (PM1), which will be bringing a total of 21 payloads. The meme coin will join other cargoes from the government, private companies, educational institutions, and also from NASA’s Commercial Lunar Payload Services Initiative.
DOGE’s mission to the moon was originally planned with Elon Musk’s SpaceX. However, the launch was postponed and is now set for next year.
How Does this Affect DOGE and Crypto?
News of the moon mission is a catalyst for bullish sentiment. Dogecoin has registered a double-digit percentage increase since the announcement. But does the act of bringing a crypto coin into space mean anything?
It is a good way of showing that the DOGE community gets things done. The act of going to space is a major endeavor. Our technology has indeed progressed a lot since the crew of Apollo 11 landed on the moon, but going to the lunar surface is still as hard as ever. This adds another feather to the hat of the DOGE ecosystem.
However, this does not do anything to the blockchain itself. A moon mission is impressive, but it does address any issues about speed, reliability, and security. Things that are important to a blockchain. Shiba Inu, DOGE’s number one competitor, has Shibarium – a layer 2 solution that aims to bring utility to the SHIB ecosystem.
But again, DOGE is a meme coin. It does not make any excuse for being one. In fact, it was created as a joke. The funny thing is, the comedic agenda worked and it gathered a loyal community. A community that supports it, no matter what.
About the Peregrine Mission One
The Peregrine Mission One will be one of the first lunar landings since Apollo 17, 50 years ago. It is a project of Astrobotic, a space company that is headquartered in Mojave, California; and Pittsburgh, Pennsylvania.
Its mission is:
Astrobotic is making space accessible to the world. We are committed to empowering a thriving human presence beyond Earth.
Peregrine is a lunar lander. According to Astrobotics, we can think of the lunar lander as a delivery vehicle in space. On its first mission, it will carry scientific instruments, technologies, mementos, and of course a physical DOGE coin.
The Peregrine lunar lander will begin its space journey on December 23, 2023. A ULA Vulcan rocker will carry the Peregrine Lunar lander, with all the payload, from Cape Canaveral Space Force Station, Florida.