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