Dogecoin Slumps 2.5% Despite Ascending “to the Moon” Via ULA’s Rocket Today

Although Dogecoin literally made a leap to the moon on ULA’s Vulcan Centaur rocket, the price of DOGE is down 2.5% over the past 24 hours. 

In an exciting development, the popular meme-based cryptocurrency Dogecoin (DOGE) embarked on a journey to the moon through the United Launch Alliance’s (ULA) Vulcan Centaur rocket. 

Dogecoin to the Moon

Notably, the ULA launched its first Vulcan Centaur rocket to the moon today, carrying NASA’s Astrobotic Peregrine lunar lander alongside a Dogecoin replica. 

The development was confirmed today by the official X handle of the Dogecoin Foundation. 

This is happening now. ❤️ https://t.co/kZqmjhXdaT pic.twitter.com/TQvrcpOqh1

— Dogecoin Foundation (@DogecoinFdn) January 8, 2024

BitMEX Sends Bitcoin on a Lunar Journey 

It is worth mentioning that Dogecoin is not the only cryptocurrency in the Vulcan Centaur rocket. The rocket also sent a replica of Bitcoin (BTC) to the moon, thanks to crypto exchange BitMEX and its founder, Arthur Hayes. 

The BitMEX founder named BTC’s historic lunar journey “Bitcoin to the Moon.” 

???????? A message from Arthur Hayes : Today’s the day we send Bitcoin  to the Moon with Astrobotic  ????‍????

It’ll be on-board ulalaunch’s Vulcan Rocket which is taking off today at 2:18am ET pic.twitter.com/NifkrIdRV2

— BINANCE SPOT AND FUTURES SIGNALS (@binancespotTeam) January 8, 2024

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For context, the Vulcan Centaur rocket finally made its leap to the moon after several delays spanning five years.

Interestingly, the rocket took off earlier today without encountering any technical glitch. A video of the rocket’s launch was posted on the popular media-sharing platform YouTube. 

Dogecoin Slumps 2.5% in 24 Hours

Bitcoin and Dogecoin’s move to the moon is exactly what fans of both cryptocurrencies anticipate for the assets’ prices. Before now, “to the moon” was only used as a crypto phrase. 

It refers to the upward movement of the price of a crypto asset. However, Dogecoin has been struggling to gain momentum recently, plunging 13% over the past seven days. 

Dogecoin’s leap to the skies today did not positively impact its price. At the time of writing, Dogecoin was changing hands at $0.0787, down 2.5% on the daily chart. The meme-based cryptocurrency has surged only 9.7% in the past year.  

On the other hand, Bitcoin has recorded significant gains, soaring 165% since January 2023. The world’s largest cryptocurrency is up 5.1% in the past week and 1.4% on the daily chart. 

Dogecoin to Ascend to the Moon Again 

Meanwhile, Dogecoin’s fans could see another replica of the cryptocurrency ascend to the moon through the DOGE-1 satellite, a project developed by the Geometric Energy Corporation.  

Funded by the Dogecoin Foundation and Elon Musk’s SpaceX, the satellite will board SpaceX’s Falcon 9 rocket on its journey to the skies. In November, the National Telecommunications and Information Administration (NTIA) gave its approval for the project. 

While today’s mission did not positively impact Dogecoin’s price, fans of the cryptocurrency have speculated that the DOGE-1 mission would be different. Due to Musk’s involvement, Dogecoin fans expect the price to rally when DOGE-1 hits the skies.