Elon Musk mentions Dogecoin for moon landing again! DOGE official account responds, causing the price to jump 5% and then fall back.

Elon Musk’s statement “Maybe next year” has reignited the DOGE narrative, with the price rising nearly 5% in the short term. The progress of the DOGE-1 mission and its applications have once again become the market’s focus.

The Meme King Returns? Musk’s “Next Year to Moon” Comment Sparks $DOGE Rally

Tesla and SpaceX CEO Elon Musk posted again on the X platform yesterday (2/3) in response to topics related to Dogecoin ($DOGE), reigniting the enthusiasm for sending Dogecoin to the moon.

Image source: X/@elonmusk Musk responded to a netizen asking “When will Dogecoin be sent to the moon?” with “Maybe next year.”

That day, Tesla Owners Silicon Valley tagged Musk and shared a screenshot of his 2021 promise to “send a physical Dogecoin to the moon,” to which Musk briefly replied, “Maybe next year.” This remark immediately triggered a chain reaction in the cryptocurrency market, with Dogecoin’s price surging nearly 5% within 24 hours, reaching a high of 0.109 before falling back to around 0.1068. Although overall market sentiment remained relatively calm, Dogecoin outperformed the top ten cryptocurrencies by market cap during this rally, performing better than Bitcoin ($BTC), which only increased by 2.4%.

DOGE-1 Mission Vision: Building Interstellar Commerce Infrastructure and Payment Applications

The re-mentioned “DOGE-1” mission is a small satellite project entirely funded by Dogecoin. The plan is to use SpaceX’s Falcon 9 rocket to send a 40-kilogram CubeSat into lunar orbit.

SpaceX Vice President Tom Ochinero stated that this mission is not only for collecting lunar data but also aims to demonstrate the practical application of cryptocurrencies beyond Earth’s orbit, laying the foundation for future “interstellar commerce.”

The satellite is expected to carry cameras and sensors, with plans to transmit images and advertisements back to Earth. Although the project was publicly announced in 2021, it has experienced multiple delays due to technical and regulatory factors. Musk’s latest comments suggest that the project may be officially executed around 2027.

Delays and Regulatory Challenges: Technical Hurdles and Community Expectations for Space Missions

While Musk’s remarks have sparked excitement in the community, industry observers remain cautiously optimistic about the actual progress. The DOGE-1 mission was originally scheduled for launch at the end of 2023 but has been postponed to the second half of 2026, with the exact launch date still uncertain.

In response to Musk’s statement, the official Dogecoin X account humorously replied with “Such Rocket” alongside a classic Shiba Inu image, showing the community’s high interest in the project. Analysts note that Dogecoin’s current value still heavily depends on Musk’s public support, and its price has fallen about 90% from its peak in 2021. However, the project has successfully passed some regulatory reviews and is now one of the closest crypto projects to space industry integration.

Image source: X/@dogecoin The official Dogecoin X account also humorously responded to Musk with “Such Rocket” and a classic Shiba Inu picture.

Market Analysis and Practical Applications: Beyond Meme Narratives, Fundamental Changes

Beyond meme narratives, Dogecoin’s ecosystem has also seen tangible progress. Noted analyst Trader Tardigrade pointed out that Dogecoin’s current trend is very similar to the pattern before its big surge in 2020. As capital flows from safe-haven assets into risk assets, Dogecoin may experience a strong rebound. Additionally, ecosystem applications are also advancing, such as the House of Doge project launching a dedicated payment app, allowing users to create wallets and trade tokens directly.

Read More
Dogecoin Enters Daily Payments! Such App Expected to Launch in the First Half of the Year, Designed for Small Business Owners

On the institutional side, Dogecoin spot ETF performance is also warming up. According to the latest data, such funds saw capital inflows yesterday, with total net inflows approaching $7 million. Although the market generally believes that Dogecoin lacks the fundamental improvements seen in Ethereum ($ETH) or Solana ($SOL), its strong community consensus combined with Musk Ventures’ ecosystem still give it a unique position in the crypto market.

This article is compiled by Crypto Agent from various sources, reviewed and edited by “Crypto City.” It is still in training, and there may be logical biases or informational errors. The content is for reference only and should not be considered investment advice.