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Even as the leading cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD dip, the popular meme-inspired digital currency Dogecoin (DOGE) has bucked the trend with a 5% increase.
What Happened: This growth comes after an announcement said that Dogecoin is scheduled for a lunar trip. Astrobotic, a pioneering space robotics technology company, affirmed plans to transport a physical representation of DOGE to the moon aboard the Peregrine Lunar Lander.
The official statement from Dogecoin asserted, "Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA's (United Launch Alliance) Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort!"
?Dogecoin On The Moon Update?
Exciting news for the Dogecoin community!?
Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA’s Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort! pic.twitter.com/QESz4ikHln Dogecoin (@dogecoin) November 16, 2023
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: The decision to send Dogecoin to the moon is a literal translation of the popular To the Moon rallying cry within the cryptocurrency community.
To facilitate this celestial voyage, Astrobotic will utilize DHLs MoonBox servicea time capsule initiative intended to safely transport and harbor items on the lunar surface for potentially hundreds of years. The MoonBox will carry a diverse array of objects, including personal mementos and a part of Mount Everest. As described by the launch packet, "Astrobotic accepted small personal mementos for inclusion on Peregrine Mission One. Moon Capsules' containing payloads from around the world will be stored aboard Peregrine on the moon for centuries to come."
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Santiment, an on-chain analytics firm, said Dogecoin has had a modest 5% surge on a mostly flat crypto market day. "It has been aided by $665M in on-chain transaction volume, its highest level in 3 months. There is also a notable amount of DOGE longs opening as traders bet on prices rising."
? #Dogecoin has had a modest +5% surge on a mostly flat #crypto market day. It has been aided by $665M in #onchain transaction volume, its highest level in 3 months. There is also a notable amount of $DOGE longs opening as traders bet on prices rising. https://t.co/uFgCCIxih0 pic.twitter.com/DussxIPJN2 Santiment (@santimentfeed) November 16, 2023
Price Action: At the time of writing, DOGE was trading at $0.081 up 5.33% in the last 24 hours, according to Benzinga Pro.
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