Dogecoin’s “moon dream” is about to come true! Musk announced that the time has come for the DOGE-1 mission

ELON 2025-11-5 11:24 57366人围观 DOGE

Elon Musk waved the “magic wand” and Dogecoin’s moon dream has never been so close to reality, but the cryptocurrency market responded to this space gamble with an unexpected calmness. “The time has come. ”On November 4, Elon Musk quoted on social media

Elon Musk waved his "magic wand" and Dogecoin's moon dream has never been closer to reality, but the cryptocurrency market has responded to this space gamble with surprising calmness.

“The time has come. ”On November 4, Elon Musk once again ignited the enthusiasm of the cryptocurrency community by citing his April 2021 tweet "SpaceX will send a real Dogecoin to the real moon" on social media.

Four years ago, this same news caused the price of DOGE to soar nearly 30% in a few minutes, creating the myth of overnight wealth.

This time, however, the market response was surprisingly muted. Dogecoin price only briefly rebounded from $0.172 to $0.178 before retreating. Against the backdrop of the overall downturn in the cryptocurrency market, Musk’s “magic wand” seems to have lost its former magic.

01 DOGE-1 lunar mission, from joke to reality

The DOGE-1 lunar mission began with a tweet from Musk in 2021, which was regarded as another typical Musk joke at the time. However, a few weeks later, the SpaceX founder officially confirmed that the company would indeed launch the "DOGE-1 lunar mission" and accept Dogecoin as payment.

Developed by the Canadian company Geometric Energy Corporation (GEC), the mission is a CubeSat microsatellite mission, all paid for in Dogecoin. According to the plan, DOGE-1 will be launched on a SpaceX Falcon 9 rocket.

If successful, it would be the first space mission to be paid entirely with cryptocurrency. FCC filings show the mission has passed technical review and the launch window is set for December 2025.

Unlike the 2021 promise, this mission already has a specific timetable and complete planning. This shows that Musk is turning the "space rant" four years ago into reality, laying the foundation for Dogecoin's transformation from a "Meme currency" to practical application scenarios.

02 The market reacted strangely and the Musk effect weakened

The market reaction is in stark contrast to the nearly 30% surge in DOGE prices following the 2021 tweet. After the news was announced, the price of Dogecoin only briefly rebounded 3.5%, and then fell back due to overall selling pressure in the market.

This difference reflects the maturity of the cryptocurrency market. Investors no longer blindly follow the opinions of opinion leaders, but pay more attention to the fundamentals and value support of the project.

The market has experienced "aesthetic fatigue" with Musk's remarks. Giant whales and major funds often use this kind of "celebrity news" to carry out the operation of "buying news and selling facts" - that is, ambush and accumulate funds before the news is announced, and then ship while it is hot after the news is announced.

The current technical aspect is also suppressed. Dogecoin is currently in a downward trend, with resistance around the $0.170-$0.175 range and support around $0.160-0.163. The long-short ratio is still high, indicating that retail investors have strong long sentiment, which in turn creates conditions for the main short sellers.

03 Dilemmas and opportunities of Dogecoin

Dogecoin’s recent performance has indeed made its holders miserable. Data shows that its price has plummeted 20% in the past month, and the cumulative decline during the year has exceeded 30%. This deep correction is forcing the market to re-examine the true value of the "originator of Meme coins".

The weakness of Dogecoin also reflects the changing direction of the entire cryptocurrency market. Since 2025, market funds are shifting from Meme tokens, which lack fundamentals, to projects with more practical value. In this cautious market environment, highly speculative assets like DOGE are often the first to bear the brunt.

However, the success of the DOGE-1 mission may open up a new narrative space for Dogecoin. Musk’s tweet provided a new direction of thinking for an otherwise dead market. If this mission proceeds as planned and is successfully launched, it will be of great significance.

It allowed Dogecoin to move from a "Meme" into a real commercial application scenario, and even had the extended attribute of a payment tool for the first time. Satellite earth observation and IoT data transmission services mean that DOGE may truly participate in a closed value loop in the physical world.

04 Meme Coin’s “Schrödinger Quote””

Looking back at the historical trend of Dogecoin, its price fluctuations show distinctive characteristics: an emotion-driven cycle. The "Musk Effect" caused Dogecoin to soar by 300% in 2021, but after the "Genius Act" was revised in 2022, it plummeted by 67% in a single month, showing the devastating blow of policy risks to Meme coins.

Unlike projects that rely on technology upgrades, the core of Dogecoin’s vitality lies in its strong community and high media attention. A major social event can instantly ignite prices, but its side effect is that prices can reverse just as quickly.

Dogecoin’s strongest gains have many times occurred after the market plunged into despair. Some veteran traders believe that the real rebound begins precisely in the most panicked moments. Currently, the Market Fear and Greed Index is stuck at 34 (fear), indicating weak short-term momentum and low trader sentiment.

At the same time, some forecast models show that by November 29, the price of Dogecoin is expected to rebound 13% to $0.21. This contradictory signal highlights the “ice and fire” fork in the road Dogecoin faces.

05 Trade is still a broken dream for the earth

The symbolic significance of the DOGE-1 mission far outweighs its actual commercial value. Successful implementation would make Dogecoin the first cryptocurrency to be “sent to the moon” in a literal sense, rather than as a metaphor when KOLs shout “To The Moon”.

Tom Ochinero, SpaceX vice president of commercial sales, once said: "DOGE-1 will prove the application of cryptocurrency beyond Earth orbit and lay the foundation for interstellar trade. ”

The market is paying close attention to the December launch plan. This mission is not only a technical test, but also an important attempt to use cryptocurrency in real-world application scenarios.

If the mission is successful, DOGE may replicate the market trend in 2021, with a short-term target price of $0.25-0.3. However, there is also the risk of "good things turning into bad things" - historical data shows that the average correction after a major event reaches 22%.

If the macro environment does not improve, DOGE may fall below the $0.15 support and test $0.12. The psychological level of $0.1 is crucial. This position is the overlap area between the December 2024 low and the 200-week moving average. If it falls, it may trigger panic selling.

If the DOGE-1 mission is advanced and completed as scheduled, there is a 40% probability that Dogecoin will replicate the market trend in 2021, but there is also a 60% possibility that DOGE will fall below the $0.15 support level and test $0.12 if the macro environment does not improve. The psychological level of $0.1 is crucial. This is the overlap area between the December 2024 low and the 200-week moving average. If it fails, it may trigger larger-scale panic selling.

The bottom of the market may be brewing in panic, but a rebound requires a clearer catalyst—whether it is a technological breakthrough, ecological innovation, or a shift in macro policy. Whether the DOGE-1 mission can be a catalyst for this will depend on the actual progress of the launch plan in the coming weeks.