intisun via Reddit
Inevitable

SpaceX Is Now Taking Dogecoin for Upcoming Moon Mission

byVictor Tangermann
May 10
intisun via Reddit

Dogecoin is literally going to the Moon next year.

To the Moon

Dogecoin is officially going to the Moon — with the help of a SpaceX satellite called Doge-1, The New York Times reports, in a mission paid for entirely with the digital meme currency.

SpaceX CEO Elon Musk’s pet cryptocurrency may have started as a joke many years ago, but the token has come a long way. And that’s in large part due to Musk’s enthusiasm for it.

Musk made the reveal the morning after his Dogecoin-laden appearance on “Saturday Night Live,” tweeting a teaser about the mission.

“SpaceX launching satellite Doge-1 to the moon next year,” he said. “To the mooooonnn!!”

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Crypto in Space

It’s a mission that’s not only “paid for in Doge,” according to the CEO, but also the “first” crypto and “meme” in space.

In other words, what started as a meme about a joke cryptocurrency is now becoming a reality — all thanks to an obsession of the richest man in the world.

Elon Coin

Musk’s appearance on the late night comedy show had such a big impact on crypto trading that it appeared to have broken the Robinhood trading app.

The value of Dogecoin dropped precipitously from an all time high of $0.74 as Musk hyped up his SNL appearance to just $0.52 when Musk appeared onscreen.

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Musk did, however, make it clear last week in a tweet that Dogecoin is likely still a terrible investment.

“Cryptocurrency is promising, but please invest with caution,” the CEO wrote in a tweet last week.

READ MORE: Dogecoin had an eventful weekend, thanks to Elon Musk. [The New York Times]

More on Dogecoin: Dogecoin Price Fell the Instant Elon Musk Went on “SNL”

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