Elon Musk’s tweets regarding the Doge cryptocurrency have changed the currency faith and made Dogecoin the fourth biggest among all cryptocurrencies available. He talked about sending Doge to the Moon, which brought huge attention among the crypto community and pushed the price of Doge. Now, Space X is accepting Dogecoin to launch an upcoming satellite by the company called DOGE-1.
DOGE-1 is a CubeSat, a satellite sent for space research. The satellite will collect lunar-spatial intelligence data using cameras and sensors attached to it. A company named Geometric Energy Corporation owns the satellite and has recently revealed that DOGE-1 will be sent on a Falcon 9 rocket in the first quarter of 2022.
In an official announcement, Tom Ochinero, SpaceX Vice-President of Commercial Sales said, “We’re excited to launch DOGE-1 to the Moon!”
The cryptocurrency started out as a joke by two software engineers Billy Markus and Jackson Palmer. In 2021, the currency started to grow with a push by the crypto community and celebrity posts by Elon Musk, Snoop Dogg, and few others. Acceptance of the coin by some big companies in the US also helped it grew as the fourth biggest cryptocurrency.
Doge was purchased in huge quantities in the US market which led to the crash of popular US trading app Robinhood. Elon Musk is clearly a huge supporter of the coin, as he is also known as “The Dogefather”.
Official press release about the satellite says Dogecoin is “sophisticated enough to finance a commercial Moon mission in full”. It is clearly mentioned that the coin will be used for all lunar business between both companies involved in the launch. While Geometric Energy Corporation’s CEO said that the transaction “solidified DOGE as a unit of account for lunar business in the space sector.”