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Mentioning Dogecoin (DOGE), Musk cannot be avoided - it was his series of operations that brought this original "joke coin" step by step to the real scene of the upcoming "moon landing". From banter to consensus: Elon Musk and Dogecoin’s narrative shift In April 2021, Musk's understatement on Twitter caused Dogecoin to surge by nearly 30% in just a few minutes. A few weeks later, he reconfirmed that SpaceX would conduct a lunar exploration mission called "DOGE-1" and accept Dogecoin as a payment method. At this point, "Dogecoin Moon Landing" is no longer just an Internet meme, but has evolved into a cultural phenomenon sweeping the world. At that time, Musk could be called the "one-man weathervane" in the encryption market. Whether it’s Dogecoin, Bitcoin, or other tokens, when he speaks out, the market moves. However, as market sentiment gradually returns to rationality, the relationship between Musk and Dogecoin has quietly changed.  DOGE-1 mission: from idea to practice “"DOGE-1" is not just a slogan, but a space program that is truly advancing. This mission is led by Canadian Geometry Energy and uses a CubeSat design, with all launch costs settled in Dogecoin. The satellite is scheduled to launch aboard a SpaceX Falcon 9 rocket, meaning Dogecoin will become the first cryptocurrency used to pay for space missions. According to the latest filing with the U.S. Federal Communications Commission, although the project has experienced several delays, the launch is still scheduled for the end of 2025. This satellite will undertake earth observation and Internet of Things data transmission tasks, showing considerable application prospects. Once successfully deployed, it will become a key milestone for Dogecoin to move from an "Internet meme" to real-life applications.  Market reaction is muted: idol halo fades In stark contrast to the past, the announcement of the "moon landing plan" did not trigger market enthusiasm. After the news was announced, the price of Dogecoin fell instead of rising, showing that investors are taking a more cautious attitude towards Musk's remarks. On the one hand, this is due to the high-leverage liquidation pressure and macro uncertainty faced by the global market. On the other hand, it is also because the narrative value of Dogecoin is being diluted by endless new concepts - from various meme coins to new public chains to artificial intelligence themes. The market attention has been greatly distracted. It can be said that Musk’s tweets today carry more of an emotional resonance than a direct market signal. When dreams come true: from metaphor to practice Despite the lackluster short-term market response, if the DOGE-1 mission can be implemented as scheduled, its symbolic significance cannot be underestimated. This will mark the first time cryptocurrency has truly participated in human spaceflight, making the metaphor of "going to the moon" a reality. More importantly, this event established a physical connection between the crypto world and the real world. Dogecoin is no longer just a talking point on social media, but has truly become a digital asset that can be used to pay and participate in physical projects. The value of this step forward may be far more worthy of being recorded in history than price fluctuations. DOGE: A meme that never goes out of style In mid-September, the price of Dogecoin briefly exceeded $0.30, but then fell back to around $0.16. Dogecoin’s massive market capitalization gives it great resilience, often mirroring the movements of Bitcoin, Ethereum, and Ripple.  Real-world use cases are also expanding, with Tesla now accepting Dogecoin for purchases, while PayPal and Revolut have also added support for Dogecoin transactions. If market conditions improve, Dogecoin could return to its 2021 highs of $0.7316 and even surpass that level before the end of the year. That’s all for today. The bull market is in its second half. If you really can’t do it yourself,Don’t force yourself, come and learn from me: click on any door!  👉Thank you for your attention, click me to send! 👈 |
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