Dogecoin prices succumbed to an 11% drop in 3 days. The anticipated DOGE-1 launch is right now the word of the day which is driving the doge price.
Dogecoin price prediction could see a skyrocketing value addition in the DOGE ecosystem as a new moon mission is soon going to launch DOGE to the moon. Previously, Twitter user "DogeDesigner" released information on Elon Musk's SpaceX's DOGE-1 Moon mission.
Elon Musk, CEO of SpaceX, tweeted on April 1, 2021, that SpaceX aimed to "put a literal Dogecoin to the literal Moon." A month later, the crypto community discovered what it was all about.
Geometric Energy Corporation (GEC) paid SpaceX with Dogecoin for this flight. It is the first space mission to be entirely sponsored by cryptocurrencies. The original meme currency, according to GEC, is worth enough to fund a space expedition. According to GEC chief executive Samuel Reid, DOGE has since become the unit of account for the lunar business.
Let's discuss how this upcoming launch could impact the Dogecoin price predictions in near future.
Elon Musk said that the Starship is nearly ready to launch. However, in the meanwhile, the price of DOGE has begun to fall, and it is presently down 11%.
Now, Elon Musk (the CEO of Tesla and SpaceX, as well as the owner of Twitter) is teasing the Dogecoin community with the introduction of Starship today, April 20 — "420 Day." Musk tweeted three hours ago that all systems were ready for launch.
Dogecoin co-founder Markus replied warmly to Musk's tweet, tweeting a GIF from the film "The Big Short" and remarking, "Oh, my God! Okay! It's taking place!"
The launch of the starship was supposed to happen earlier this week. However, Musk revealed technical issues, including a frozen pressurant valve, which resulted in the launch being postponed. A tentative date of April 20 has been set. The DOGE community took notice and began to joke about the delay, stating that it was happening for the sake of memes.
The current price of Dogecoin is $0.083719, with a 24-hour trading volume of $1,527,469,702. In the last 24 hours, Dogecoin has dropped 8.92%. DOGE now has a market capitalization of $11,639,308,542.
After a steady rise, the price of Dogecoin encountered resistance at $0.0950. DOGE reached a peak at $0.0950 before beginning a new drop, comparable to Bitcoin and Ethereum.
According to Dogecoin price predictions, the price fell sharply below the $0.0850 support level and the 100 simple moving average (4 hours). Furthermore, the DOGE's daily chart showed a break below a strong bullish trend line with support at $0.0855.
The memecoin has established a bottom at $0.0825 and is presently consolidating losses. On the upside, the price is encountering resistance at $0.0855. It is around the 23.6% Fib retracement level of the latest slide from the $0.0950 swing high to the $0.0825 low. The RSI is at 48 indicating a neutral market and MACD is making green histograms as Bulls are trying to push prices upward.
In conclusion, the DOGE-1 mission is highly anticipated to launch in 2023. Furthermore, according to Dogecoin price predictions, prior to the launch, DOGE will surge like a swamp fire and could lead to reaching $1 as was anticipated before SNL. At the press time, Dogecoin price prediction reveals that the token is under bearish movement and could dip more than the current value.