• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Regulation

Rocket Carrying Physical Dogecoin To The Moon Takes Off, But Why Is Price Struggling?

approx by approx
January 8, 2024
in Regulation
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The highly anticipated space launch that is carrying a physical Dogecoin to the moon has finally happened, but the DOGE price has remained stagnant. The Vulcan Centaur rocket took off earlier today with its impressive cargo with hundreds of thousands of participants dropping in.

Vulcan Launch Goes Off Without A Hitch

The Vulcan Centaur rocket launch carried out by the United Launch Alliance took off in the early hours of Monday. The rocket which carried the Peregrine Lunar Lander which is part of the NASA Commercial Luna Payload Services (CLPS) Initiative also carried other cargo, including a gold-plated DOGE coin.

This launch has been anticipated given the fact that it has been in the works for a while. However, it has not had the desired effect on the price of the meme coin which continues to struggle in the wake of the launch. Dogecoin has declined by more than 3% during the last day and is struggling to hold support above $0.075.

Meanwhile, the anticipation around this event has since dissipated since it has turned out to be a ‘sell the news’ event. All eyes are now on the DOGE-1 space mission which is the first space mission to be funded entirely in cryptocurrency. However, if the Vulcan mission is anything to go by, then the DOGE-1 space mission could end up being a non-event as well, especially as investors’ interest in the coin begins to decline.

Dogecoin price chart from Tradingview.com

DOGE price at $0.078 | Source: DOGEUSD on Tradingview.com

Can Dogecoin Recover From Here?

Despite the lack of interest that has plagued Dogecoin over the last few days, there is seemingly a light at the end of the tunnel for the meme coin. Its trading volume has begun to recover over the last day, registering an over 60% increase during this time.

This could suggest a return of interest in the meme coin especially as lower prices are giving investors an opportunity to get back into the market. From here, the DOGE price is following the general crypto market movement and a recovery in the price of Bitcoin could trigger a ripple effect that ends up causing a surge in the DOGE price.

Interestingly, the Crypto Fear & Greed Index still remains firmly in the greed territory, which suggests that investors are not discouraged from investing in cryptocurrencies. Most likely, investors are waiting for the SEC’s decision on the Bitcoin Spot ETFs on Wednesday to determine the next course of action.

At the time of writing, the DOGE price is trailing at $0.078 with an over 13% loss in the last week.

Featured image from ABC, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



Source link

Related articles

Ethereum validators back raising gas limit to 45 million for improved network capacity

Justin Drake reveals 10-year ‘Lean Ethereum’ roadmap to achieve 10k TPS on mainnet

July 31, 2025
We are sunsetting Studio | Ethereum Foundation Blog

lean Ethereum | Ethereum Foundation Blog

July 31, 2025
Share76Tweet47

Related Posts

Ethereum validators back raising gas limit to 45 million for improved network capacity

Justin Drake reveals 10-year ‘Lean Ethereum’ roadmap to achieve 10k TPS on mainnet

by Moussa
July 31, 2025
0

Ethereum researcher Justin Drake unveiled the “Lean Ethereum” proposal on July 31 that reframes the base layer around the imperatives...

We are sunsetting Studio | Ethereum Foundation Blog

lean Ethereum | Ethereum Foundation Blog

by Moussa
July 31, 2025
0

Yesterday Ethereum turned 10. Today, lean Ethereum is unveiled as a vision—and personal mission—for the next 10 years. We stand...

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

by Moussa
July 30, 2025
0

Bitcoin (BTC) registered a 1.11% hourly drawdown after the Federal Reserve kept its target range at 4.25%–4.50%, trading at $116,320.13...

Celebrating 10 Years of Ethereum

Celebrating 10 Years of Ethereum

by Moussa
July 30, 2025
0

On July 30, 2025, the Ethereum community marked a major milestone: ten years since the Ethereum’s genesis block and mainnet...

Ethereum at 10 and what’s next

Ethereum at 10 and what’s next

by Moussa
July 30, 2025
0

Ten years ago, Ethereum was little more than an idea on Reddit. Today, it stands as one of the most...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News