Despite the fact that nothing out of the ordinary happened last week, the Dogecoin Twitter/X account posted an update on the “Dogecoin on The Moon” mission.
In short, the mission revolves around the Dogecoin community sending a physical Dogecoin to the moon as it will be transported by Astrobotic on the Peregrine Lunar Lander. The Astrobotic company is, according to their own update, “an employee-owned space company” that “deliver payloads (cargo) to the Moon for companies, governments, universities, non-profits, and individuals”. Their mission is “making space accessible to the world”.
The current launch date is on Christmas Eve this year. This means that the Dogecoin community (will as far as we are concerned) be the provider of the coolest Christmas gift in crypto this year. A phrase often heard in and around the community is “Dogecoin to the moon” - something that in a month's time will continue to be said, only in a much more literal sense.
Some loose speculation also emerged last week about potential ETFs outside of the known Bitcoin and Ethereum ETFs. These speculations revolved around spot ETFs for major market cap projects besides the two so it remains to be seen if this will ever come to fruition.
In terms of price action, Doge traded in the range of 7 - 8,7 cents throughout last week with volume ranging from 0,5 - 2 billion (approximate numbers).
This text is intended to inform and is not an investment recommendation.
Best regards,
Adam Jakobsen.
NBX Team.
