Dogecoin Ready for Lift Off: Can New Mission Send DOGE to the Moon?

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BeInCrypto
2023/11/20 20:11
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A physical Dogecoin (DOGE) and Bitcoin (BTC) will set off for their journey to the moon on December 23, 2023. Meanwhile, DOGE has formed a double-bottom pattern on the weekly timeframe. 

Every crypto enthusiast is aware of the saying, “to the moon,” which indicates a rapid rise in the price of an asset. However, now, Dogecoin and Bitcoin will be literally sent to the moon.

How Dogecoin Will Travel To The Moon?

Dogecoin X (Twitter) handle announced that Astrobotic will send a physical Dogecoin in a DHL Moonbox through Peregrine spacecraft on December 23, 2023. The American company Astrobotic develops space robotic technology for lunar and planetary missions.

Talking about Peregrine spacecraft, the company explained:

“Think of the Peregrine spacecraft as a delivery vehicle in space. Just as shipping companies like DHL send packages around the world, Astrobotic sends items to the Moon. 

Governments, universities, nonprofits, and individuals can all purchase room aboard Peregrine and work with the Astrobotic team to meet their lunar goals. On this first mission, Peregrine will carry a diverse suite of scientific instruments, technologies, mementos, and other payloads (or cargo) from seven different countries, dozens of science teams, and thousands of individuals.”

DHL Moonbox will carry various mementos, including a physical Dogecoin sent by the meme coin’s community. Along with Dogecoin, BitMEX previously announced that it will send physical Bitcoin in collaboration with the Bitcoin Magazine.

Read more: 11 Hot Meme Coins and Altcoins that Trend in 2023

BitMEX wrote:

“Future generations will be able to interact with the token from Earth or in space, and send personal items such as Bitcoin Ordinals to the Moon via the public address.”

It is worth mentioning that in 2021, Elon Musk’s SpaceX announced its lunar mission – “Doge-1.” However, the mission has been repeatedly postponed, now reportedly set to launch in the first quarter of 2024.

Meanwhile, the chart below shows that DOGE is forming a double-bottom bullish pattern on the weekly timeframe. If the coin gives a weekly closing above $0.08378, the price of DOGE can potentially start a strong uptrend.

Dogecoin Moon, DOGE, BitcoinDOGE/USDT, Binance. Source: TradingView

Read more: What Are Crypto Trading Patterns? A Basic Introduction

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For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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