‘Dodgecoin to the moon’ is a saying that anyone in the crypto community is familiar with. This is usually said metaphorically in relation to the price of DOGE actually rising. But Dogecoin is now actually headed for the moon after the official account confirmed the first DOGE space mission – literally.
Strap In: Dogecoin is headed for the moon
On Thursday, November 16, the official Dogecoin account on X (formerly Twitter) confirmed that a mission to take the meme coin to the moon has now been confirmed. The mission is being conducted by Astrobotic Technology, a robotics company headquartered in Pennsylvania. ,
Mission details 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 scheduled to fly on December 24, 2023. The DHL Moonbox is a souvenir box that holds different souvenirs to take to the Moon.
More information, including a visit to Physical Dogecoin in the “Moonbox” pic.twitter.com/L7WUhg3aIj
– Dogecoin (@dogecoin) 16 November 2023
According to data from Astrobotic Technology, the DHL Moonbox headed to the Moon in December is filled with items from all over the world, including the United States, Germany, Canada, etc. Upon completion of the mission, DOGE will be the first cryptocurrency sent to the Moon, marking a significant milestone for the meme coin.
The price of DOGE increased as the news spread. Source: DOGEUSD on tradingview.com
DOGE price set to double
The price of Dogecoin is already in a position where a surge is expected. But the confirmation of Dogecoin on the moon mission has added fuel to the fire. Following the announcement, the price of DOGE rose above $0.83 for the first time in four years.
Crypto analyst Crypto Kaleo previously shared an analysis of Dogecoin price that puts it above $0.15. According to Kaleo, DOGE is expected to move much faster and will first reach $0.09 to $0.1, before continuing to target $0.15.
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 SAT.” This is clearly a confirmation of the rally which has crypto analysts believing that the price could potentially rise to $0.2.
Here’s my playbook for that $DOGE,
At some point in the next week or two, Dogecoin will finally start moving.
When DOGE starts moving up, it usually does so very quickly. I wouldn’t be surprised to see somewhere in the range of 9-10 cents a day here, a bite there for a while, then… pic.twitter.com/BN1AqSe8d2
– Kaleo (@CryptoKaleo) 9 November 2023
Dogecoin’s daily volume has increased by more than 50% in the last day alone, indicating a high level of interest from investors. Once sellers get exhausted and demand increases, DOGE could clear the $0.09 level before the end of the day.
At the time of writing, DOGE price is at $0.0804 with a 7.86% gain 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