The extremely anticipated area launch that’s carrying a bodily Dogecoin to the moon has lastly occurred, however the DOGE worth has remained stagnant. The Vulcan Centaur rocket took off earlier in the present day with its spectacular cargo with a whole bunch of hundreds of individuals dropping in.

Vulcan Launch Goes Off With out A Hitch

The Vulcan Centaur rocket launch carried out by the United Launch Alliance took off within the early hours of Monday. The rocket which carried the Peregrine Lunar Lander which is a part of the NASA Business Luna Payload Companies (CLPS) Initiative additionally carried different cargo, together with a gold-plated DOGE coin.

This launch has been anticipated given the truth that it has been within the works for some time. Nevertheless, it has not had the specified impact on the value of the meme coin which continues to wrestle within the wake of the launch. Dogecoin has declined by greater than 3% over the past day and is struggling to carry help above $0.075.

In the meantime, the anticipation round this occasion has since dissipated because it has turned out to be a ‘promote the information’ occasion. All eyes are actually on the DOGE-1 area mission which is the primary area mission to be funded solely in cryptocurrency. Nevertheless, if the Vulcan mission is something to go by, then the DOGE-1 area mission may find yourself being a non-event as nicely, particularly as buyers’ curiosity within the coin begins to say no.

DOGE worth at $0.078 | Supply: DOGEUSD on Tradingview.com

Can Dogecoin Get well From Right here?

Regardless of the dearth of curiosity that has plagued Dogecoin over the previous couple of days, there’s seemingly a light-weight on the finish of the tunnel for the meme coin. Its buying and selling quantity has begun to get better over the past day, registering an over 60% improve throughout this time.

This might counsel a return of curiosity within the meme coin particularly as decrease costs are giving buyers a possibility to get again into the market. From right here, the DOGE worth is following the overall crypto market motion and a restoration within the worth of Bitcoin may set off a ripple impact that finally ends up inflicting a surge within the DOGE worth.

Curiously, the Crypto Concern & Greed Index nonetheless stays firmly within the greed territory, which means that buyers aren’t discouraged from investing in cryptocurrencies. Almost certainly, buyers are ready for the SEC’s determination on the Bitcoin Spot ETFs on Wednesday to find out the subsequent plan of action.

On the time of writing, the DOGE worth is trailing at $0.078 with an over 13% loss within the final week.