Dogecoin’s Galactic Odyssey: SpaceX Reschedules Mission with DOGE Payment

SpaceX’s decision to accept Dogecoin as payment for rescheduling the DOGE-1 Mission to the Moon, highlights the cryptocurrency’s growing adoption in space exploration ventures. Dogecoin has experienced a notable resurgence, surpassing the $0.08 support level with a 2% increase in the last 24 hours, signaling a bullish breakout. SpaceX has agreed to accept Dogecoin (DOGE) [...]

CryptoFortress

Feb 9, 2024 - 13:26

Dogecoin’s Galactic Odyssey: SpaceX Reschedules Mission with DOGE Payment

SpaceX’s decision to accept Dogecoin as payment for rescheduling the DOGE-1 Mission to the Moon, highlights the cryptocurrency’s growing adoption in space exploration ventures.
Dogecoin has experienced a notable resurgence, surpassing the $0.08 support level with a 2% increase in the last 24 hours, signaling a bullish breakout.

SpaceX has agreed to accept Dogecoin (DOGE) as payment for the rescheduling of the highly anticipated DOGE-1 Mission to the Moon. The CEO of Geometric Energy Corporation (GEC), Samuel Reid, disclosed this transaction, stating that GEC utilized DOGE to rebook the mission after a delay in its original schedule.

Originally planned to launch aboard the SpaceX Falcon 9 rocket as a payload in 2022, the mission was postponed due to the satellite not being prepared in time for the Intuitive Machines IM-1 launch. Reid clarified that the new agreement involves a rebooking fee paid in Dogecoin and positions the DOGE-1 satellite on an open manifest basis for a potential mission following IM-1, contingent upon the satellite’s shipment from Exobotics UK to Maverick Space in the U.S.

Despite the setback, Reid remains optimistic about the DOGE-1 mission, emphasizing that the delay does not indicate cancellation or lack of commitment. He explained during a live chat that the postponement stemmed from incomplete requirements for the radio and satellite, rather than any deficiency in commitment or capability. GEC’s transparent communication aims to reassure enthusiasts eagerly awaiting the mission’s progress.

SpaceX originally unveiled plans for the “DOGE-1 Mission to the Moon” in 2021 and notably accepted Dogecoin as full payment for the mission. This initiative represents a groundbreaking move in demonstrating the utility of cryptocurrency beyond Earth’s orbit, laying the groundwork for interplanetary commerce.

Dogecoin (DOGE) Gearing For Strong Breakout

Dogecoin, a meme-inspired cryptocurrency, has shown signs of a rapid resurgence recently. Within the past 24 hours, it has surged beyond the $0.08 support level, signaling a bullish breakout. Presently, the Dogecoin price stands at $0.0805, marking a notable increase of over 2% in the last day, indicating a shift towards positive market sentiment.

The current market conditions suggest that maintaining a price above the $0.095 resistance level could propel Dogecoin towards the $0.1 resistance and potentially beyond to the crucial $0.3 threshold. If this upward trajectory persists, there’s potential for Dogecoin’s value to surge towards the $0.5 milestone, reflecting growing confidence in its ability to navigate through and surpass critical resistance levels, thereby sustaining its market momentum.

Conversely, failure to breach the $0.075 mark could lead to a downward trend for Dogecoin. On the downside, the first support stands at near $0.073, with stronger support anticipated at $0.0720. A drop below this level might result in Dogecoin retracing towards the $0.0700 mark.

Also, there was strong whale activity spotted for Dogecoin (DOGE) earlier this week. Additionally, Whale Alert’s data revealed that a substantial sum of Dogecoin, valued at approximately $7.83 million, was transferred on February 7th from an undisclosed wallet to Robinhood, a prominent financial services provider in the United States.