April 16, 2024
Dogecoin moon DOGE price Small


‘Dogecoin to the moon’ is a saying that anyone in the crypto community is familiar with. This is usually said figuratively in relation to the DOGE price actually surging. But Dogecoin is now actually headed to the moon – literally – after the official account confirmed the first DOGE space mission.

Strap In: Dogecoin Is Headed To The Moon

On Thursday, November 16, the official Dogecoin account on X (formerly Twitter, confirmed that a mission that will be taking the meme coin to the moon has now been confirmed. The mission is being orchestrated by Astrobotic Technology, a robotics company headquartered in Pennsylvania.

The details of the mission included in the post include the fact that a physical Dogecoin is being included in the DHL Moonbox via ULA’s Vulcan Centaur Rocket which is set to take off on December 24, 2023. The DHL Moonbox is a memento box that carries different keepsakes to take to the moon.

According to data from Astrobotic Technology, the DHL Moonbox headed to the moon in December has been filled with items from all around the world, including the United States, Germany, Canada, etc. Upon the completion of the mission, DOGE will be the first cryptocurrency to be sent to the moon, marking an important milestone for the meme coin.

DOGE price chart from Tradingview.com (Dogecoin to the moon)

DOGE price surges as news spreads | Source: DOGEUSD On Tradingview.com

DOGE Price Ready To Double

The Dogecoin price is already in a position where it is expected to surge. But the confirmation of the Dogecoin on the moon mission has added fuel to the fire. Following the announcement, the DOGE price jumped above $0.83 for the first time in four years.

Crypto analyst Crypto Kaleo earlier shared an analysis of the Dogecoin price that puts it above $0.15. According to Kaleo, DOGE is expected to move very fast and will hit $0.09 to $0.1 first, before continuing on to the $0.15 target.

Kaleo bases his analysis on the DOGE/BTC chart where he says; “I’m just looking for a touch of HTF resistance on the BTC pair around 550 sats.” This is apparently the confirmation of the rally that the crypto analyst thinks could possibly push the price to $0.2.

Dogeocoin’s daily volume is already up more than 50% in the last day alone, suggesting a higher level of interest from investors. Once sellers’ fatigue kicks in and demand rises, DOGE could clear the $0.09 level before the end of the day.

At the time of this writing, the DOGE price is sitting at $0.0804, with 7.86% gains in the last day. It is the 9th-largest cryptocurrency in the market with a market cap of $11.4 billion.

Featured image from Stock Buys, chart from Tradingview.com





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