Dogecoin Surpasses Bitcoin and Ethereum as Space Company Plans Literal Journey ‘To The Moon’

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While major cryptocurrencies like Bitcoin (BTC/USD) and Ethereum (ETH/USD) experienced a dip, the unconventional Dogecoin (DOGE) has defied the trend by registering a 5% increase.

The surge in Dogecoin’s value follows an announcement revealing plans for a lunar mission involving the popular meme-inspired digital currency. Astrobotic, a cutting-edge space robotics technology company, confirmed its intention to send a physical representation of Dogecoin to the moon aboard the Peregrine Lunar Lander.

In an official statement, Dogecoin declared, “Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA’s (United Launch Alliance) Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort!”

This lunar expedition for Dogecoin holds symbolic significance, aligning with the cryptocurrency community’s widely used phrase, ‘To the Moon.’ Astrobotic has chosen to utilize DHL’s MoonBox service for this interplanetary journey. The MoonBox initiative acts as a time capsule, designed to securely transport and preserve items on the lunar surface for potentially hundreds of years. Among the diverse array of objects, the MoonBox will carry personal mementos and even a part of Mount Everest. As described in the launch packet, “Astrobotic accepted small personal mementos for inclusion on Peregrine Mission One. ‘Moon Capsules’ containing payloads from around the world will be stored aboard Peregrine on the moon for centuries to come.”

Santiment, an on-chain analytics firm, reported that Dogecoin experienced a modest 5% surge on a day when the broader crypto market remained relatively flat. This growth was supported by a substantial on-chain transaction volume of $665 million, marking its highest level in three months. Additionally, there was a notable increase in DOGE long positions, indicating that traders are optimistic about potential price increases.

As of the latest update, Dogecoin (DOGE) is trading at $0.081, reflecting a 5.33% increase in the last 24 hours, according to data from Benzinga Pro. The resilience and upward movement of Dogecoin amidst market fluctuations underscore its unique position and ongoing community support.