Bitcoin
BTC$29 830.80

2.19%

Ethereum
ETH$1 978.78

0.62%

Tether
USDT$0.998948

-0.01%

Binance Coin
BNB$332.68

3.46%

USD Coin
USDC$1.000136

0.03%

XRP
XRP$0.404298

-0.23%

DOGE vs BTC: Elon Musk declares crypto space race with BitMEX has begun


10 Jun 2021

#Dogecoin

Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit? A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first.

On Friday, popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm Astrobotic Technology in the company’s mission to send its first commercial lander to the moon during Q4 2020.

Noting that the mission aims to be the first instance in which “a private company leading a coalition of government, academia, industry, and international partners reaches the lunar surface,” BitMEX plans to make the occasion by delivering a one-of-a-kind physical Bitcoin (BTC) to the moon’s surface. Referring to Musk as a “Dogecoin protagonist,” BitMEX added:

“We’ve nothing against Dog Money, we felt it was only right to help Bitcoin get there first.”

The announcement followed Musk’s early May news that SpaceX is planning to launch a Dogecoin-funded payload on one of its first rockets to the moon, asserting that Dogecoin (DOGE) would become the first cryptocurrency to reach lunar orbit next year.

Musk responded to BitMEX’s newfound astronomic ambitions on Twitter, proclaiming: “A new space race has begun!”

While replies to Elon’s tweet are largely his followers barracking for DOGE to win the crypto space race, others noted there are more pressing problems on Earth than whether one’s crypto token of choice is the first to enter the orbit of another celestial body.

While few projects exploring the utility of establishing crypto infrastructure from space have captured the mainstream imagination like Musk’s Dogecoin expedition has, the Tesla CEO’s plans to take cryptocurrency out of this world are not the first.

Blockstream appears to have been the first in pioneering the use of crypto satellites, launching satellites to broadcast Bitcoin transactions from space in August 2017.

In August 2020, Robonomics and Kusama announced an ambitious plan to develop “an interplanetary architecture” capable of relaying data between Mars and Earth using the Kusama network.

CryptoSat outlined the concept behind its ambitious plan to launch a nano-satellite the size of a coffee mug into space in a November 2017 white paper, with the satellite slated to operate as an isolated cryptographic module from orbit. The team plans to prove the concept with a launch this year before sending an entire constellation of CryptoSats into orbit later on.

Spacechain similarly launched in 2017 and has successfully deployed nodes in orbit. On June 3, 2021, the project announced that its multisig Ethereum payload destined for installation on the International Space Station had been launched aboard a SpaceX rocket.


Related

Doge gets more love on Twitter and Ethereum gets more hate
Doge gets more love on Twitter and Ethereum gets more hate
Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria
Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria
Tesla to accept DOGE payments at supercharging station in Santa Monica
Tesla to accept DOGE payments at supercharging station in Santa Monica
Dogecoin more popular than ever
Dogecoin more popular than ever
DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
Dogecoin going to help real dogs: Chicago animal shelter now accepts crypto
Dogecoin going to help real dogs: Chicago animal shelter now accepts crypto
Team officially re-establishes Dogecoin Foundation after 6 years
Team officially re-establishes Dogecoin Foundation after 6 years
When Dogecoin moon? On-chain data and trading volumes suggest soon
When Dogecoin moon? On-chain data and trading volumes suggest soon
Brand executive posts discounted Utah home listing for Dogecoin
Brand executive posts discounted Utah home listing for Dogecoin

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 56.8% 89 $29 830.80 2.19% -0.06% $568 243 367 260 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56% 88 $1 978.78 0.62% -2.65% $239 264 661 104 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.998948 -0.01% 0% $73 198 034 338 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 60.8% 85 $332.68 3.46% 10.72% $54 319 345 181 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000136 0.03% 0.01% $53 412 996 775 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 55.2% 91 $0.404298 -0.23% -5.30% $19 544 998 936 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.001442 0.19% 0.27% $18 332 749 036 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 58% 92 $0.518095 1.03% -7.86% $17 480 010 174 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 54.8% 92 $49.23 0.27% -10.01% $16 702 932 943 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 56% 89 $0.083177 0.07% -6.02% $11 035 092 589 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 58.4% 92 $10.02 1.90% -3.47% $9 896 804 667 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 56.4% 89 $29 797.90 2.06% -0.08% $8 224 307 082 WBTC 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 58.4% 91 $28.68 -0.32% -14.23% $7 766 240 935 AVAX 7 days price change
14 TRON (TRX) TRX TRON predictions 68.4% 57 $0.081485 5.37% 12.78% $7 711 237 884 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 95.6% 1 $1.000233 0.06% 0.05% $6 576 996 511 DAI 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.