The Dogecoin course (DOGE) had dropped by 11 percent yesterday evening. At $ 0.281, DOGE marked its lowest price in more than a week. Elon Musk and SpaceX currently want to bring advertising into space – with Dogecoin.
Investors do not need to worry any more at the moment, however. Despite the recent losses, the DOGE price is still well above the July level. Dogecoin had grown by around 40 percent since the beginning of August.
Dogecoin in Space
For all investors who have so far been disappointed that their beloved meme currency has not yet made it to the moon, Elon Musk could soon come to the rescue again. This time, the SpaceX CEO doesn’t just want to tweet, he actually wants to take action.
Together with Geometric Energy Corporation (GEC), a Canadian technology start-up, Musk apparently wants to launch an advertising satellite into space. GEC is currently working on a cube-shaped “CubeSat”, which is to be equipped with a screen on which advertising and logos are to be transmitted. A selfie stick should then make the whole thing visible on YouTube and Twitch.
What at first sounds like a rather strange idea, but seems to be a serious undertaking. The whole thing is to be brought into orbit with a Falcon 9 rocket. Some time ago Elon Musk shot a Tesla into space as a marketing gag. So this project doesn’t seem as far-fetched as you might think at first glance.
Which advertising is to be shown depends on the interested bidders. This is where Dogecoin comes into play. The meme currency is intended to serve as a means of payment for interested advertisers. In addition, CED will also accept Ethereum.
Will Dogecoin still make it to the moon?
It could possibly go further for Dogecoin in the future. CED and SpaceX are also working on the so-called DOGE-1 mission. A satellite is to be sent into orbit around the moon. The payload will include cameras and sensors on board.
The whole thing should be paid for in full with Dogecoin. The start date is currently the first quarter of 2022. It would be the first space mission that would be paid for with cryptocurrency.
In view of such prospects, some are likely to wonder whether he or she should buy Dogecoin in the hope that the value of the coin will increase in the course of the upcoming space missions. At the moment, no one is likely to be able to answer this question with absolute certainty. Who knows what crazy things Elon Musk will come up with in the future. At the same time, the eccentric billionaire is also known to change his mind frequently.
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