Dogecoin Blasts Off With 14% Climb Ahead Of Maiden Starship Launch

Dogecoin enthusiasts are figuratively over the moon, and not just because of the meme-inspired cryptocurrency’s soaring value – they’re now eagerly eyeing the cosmos as well.

Nothing, not even the sheer scale of Elon Musk’s SpaceX Starship, can dampen their excitement as they look towards the heavens with hopes of seeing the colossal spacecraft take off.

Starship, the biggest rocket ever built, has captured the attention of space enthusiasts worldwide, and its upcoming launch has sent ripples of excitement throughout the Dogecoin community. 

As the countdown to the launch continues, the current DOGE price is also on the rise, adding to the already electrifying atmosphere surrounding this historic event.

Photo: Getty Images

Dogecoin Sees Gains Despite Delayed Starship Launch

Despite the delay in the launch of the giant Starship rocket, DOGE has managed to post gains in the market. Coingecko reported a 1.84% increase in DOGE value in just 24 hours, with the current price standing at $0.09341. Furthermore, the cryptocurrency experienced an impressive seven-day rally of 14.35%.

Source: CoinMarketCap

Initially, the upswing in Dogecoin’s market was attributed to the anticipation surrounding the launch of the two-stage rocket. However, the launch was postponed due to a frozen pressurization valve in the lower-stage rocket booster. 

SpaceX later disclosed that its team of engineers were “working towards Thursday, April 20” for a second launch attempt.

Despite the setback, Dogecoin managed to maintain its upward momentum, proving that even the delay of a high-profile event couldn’t dampen the enthusiasm of cryptocurrency investors.

Elon Musk’s Fascination With DOGE

Musk has been openly displaying his affinity for Dogecoin, a cryptocurrency that started as a meme. From changing his Twitter logo to accepting DOGE payments, Musk has been fueling the adoption and popularity of this digital asset.

He previously announced that Tesla would accept DOGE payments for selected items, a decision that boosted the credibility and recognition of Dogecoin. However, it didn’t stop there. Musk went on to tweet that SpaceX merchandise would also be available for purchase through DOGE, leaving the community delighted.

DOGE-1 Mission To Lunar Orbit

But Musk’s fascination with Dogecoin also didn’t stop with merch payments. In February 2023, SpaceX announced plans to launch DOGE-1 in the third quarter of 2023, a project entirely sponsored by the crypto. The goal is to get the spacecraft into lunar orbit, an ambitious endeavor that showcases Musk’s confidence in Dogecoin’s potential.

DOGE total market cap at $12.3 billion on the daily chart at TradingView.com

Musk’s relationship with Dogecoin is a unique one, driven by his passion for innovation and disruption. Whether it’s accepting DOGE payments or launching a spacecraft, Musk’s actions have undoubtedly propelled the adoption and visibility of Dogecoin.

It remains to be seen what other surprises the billionaire has in store for Dogecoin, but for now, the world is watching.

-Featured image from The Currency Analytics