Dogecoin (DOGE) continues its latest rally, which started with Twitter news, with SpaceX’s satellite called “DOGE-1 Moon Mission”. The countdown has begun for the launch of Falcon 9, dedicated to Dogecoin, which Elon Musk announced in May.
Rally begins as DOGE-1 lunar satellite approaches launch
Dogecoin especially shone in October when Twitter news was on the agenda. Now, with the upcoming launch date of a dedicated lunar satellite, additional rallies await. According to information received from SpaceTV on November 28, the countdown has begun for SpaceX Falcon 9 with DOGE-1 and IM-1/NOVA-C lunar payloads. The date is January 14, 2023 and the event is in Florida.
Tesla and SpaceX CEO Elon Musk made the announcement on Twitter in May. However, the date has been postponed until today as a result of the malfunctions in the IM-1.
cryptocoin.comAs you follow, DOGE is currently trading at $0.09285 in eighth place by market cap. It closed at $0.08899 on Saturday, then rallied on Sunday. Thus, it recorded a 28% increase in the last seven days. Kaleo, one of the biggest whales on the market, is confident that the rally will continue.
Crypto whale shares its strategy for DOGE
According to the famous Bitcoin whale nicknamed Kaleo, Dogecoin is always “bought when it’s boring”. The crypto analyst says that Dogecoin always takes the first place during bull runs. In his latest tweets, he wrote about Dogecoin, “Be patient; Sell when a huge pump comes in,” he said. Meanwhile, Dogecoin founder Billy Markus said that DOGE’s market cap will rise above giants like Boeing, Starbucks, American Express Company and IBM.
Why is Dogecoin rising?
On November 25, Dogecoin gained over 8% after Elon Musk, former US congressman David Gokhshtein, told his 700,000 followers that he believes Vitalik Buterin and the new Twitter CEO will start working together soon. Meanwhile, Buterin said at the time that DOGE developers should consider switching to PoS. He added that the Ethereum code can easily be used for this transition.
Thanks to this momentum, Dogecoin maintains its position as the eighth largest cryptocurrency in the market. In the middle of its declining weeks, it has gained more than 20% advantage over its competitors.
Now, expectations are for Dogecoin to rise during the launch of the DOGE-1 lunar satellite. If so, the first target for investors will be the ATH level in May 2021. The news that it would be integrated into Twitter was also the catalyst for Dogecoin’s rally in October. Lior Yaffe, co-founder of Swiss-based blockchain software company Jelurida, says that even if Musk integrates Dogecoin on Twitter, it would not be a wise decision:
Even if they manage to build a payment system around Twitter, there are far better Blockchain solutions than Dogecoin in terms of security, privacy, smart contracts and scaling.
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