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(Bloomberg) The rise of the cryptocurrency Dogecoin has reached a new level after the token was used to pay for a lunar satellite launch.
SpaceX, Elon Musk’s commercial rocket firm, will embark on a Moon voyage in 2022 carrying a so-called cubesat a mini-satellite used for space research from Geometric Energy Corp. that’s been paid for entirely in Dogecoin.
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The development is just the latest twist in the saga over the digital token, which started as a joke in 2013 but is now a dominating Internet meme and sitting on a 21,000% rally in the past year. Musk has been a key player in the drama, boosting the price with a succession of tweets in recent months.
Dogecoin heads to the moon, literally
Canadian firm Geometric Energy Corp is planning to launch a 40-kilogram satellite, funded entirely by the meme-inspired crypto, as part of a lunar payload mission aboard SpaceX’s Falcon 9 rocket next year
Dogecoin, the meme-inspired cryptocurrency, is set to head to the moon on a more literal basis than its buyers originally envisioned after a Canadian firm said it will use the crypto to fund a Moon mission next year through Elon Musk’s SpaceX.
On Sunday, Geometric Energy Corp (GEC) said the DOGE-1 Mission to the Moon is scheduled to launch a 40-kilogram satellite, funded entirely by Dogecoin, as part of a lunar payload mission aboard SpaceX’s Falcon 9 rocket which is due to launch in the first quarter of next year.
Mon, 10 May 2021 | Written By: Alec Malloy
Alec Malloy is a content writer with over 7 years’ experience spanning a range of commercial sectors.
Cryptocurrency update: ETH soars while Dogecoin spins
Ether starts the week strongly, breaching all-time highs, while Dogecoin chases its tail.
Cryptocurrency update
Ether soars to all-time high
It makes for refreshing reading when a cryptocurrency that isn’t Bitcoin makes its own stellar gains.
This week, it’s
Ether (ETH), the digital token for the Ethereum blockchain. The token has reached a new all-time high, breaking above $4,000.
While Bitcoin steals the headlines, ETH has actually made more substantial gains across 2021 so far. As of May 10th, 2021, Ether’s year-to-date return was a cool 435% against
Dogecoin used to pay for lunar satellite mission
Bloomberg
The rise of the cryptocurrency dogecoin has reached a new level after the token was used to pay for a lunar satellite launch.
SpaceX, Elon Musk’s commercial rocket firm, is to embark on a moon voyage next year carrying a so-called cubesat a mini-satellite used for space research from Geometric Energy Corp that has been paid for entirely in dogecoin.
The development is the latest twist in the saga over the digital token, which started as a joke in 2013, but is now a dominating Internet meme and sitting on a 21,000 percent rally in the past year.