No one can deny the fact that Dogecoin (DOGE) was created only to be a source of fun and gas among the cryptocurrency community. Then Dogecoin (DOGE) ended up becoming a public interest, which started gaining some potential in the cryptocurrency markets.
After that, Dogecoin (DOGE) ended up getting picked up by the richest man in the world, Elon Musk. Then the real journey for Dogecoin (DOGE) began and it continued gaining on its price and market capitalization.
While the entire cryptocurrency community was flabbergasted with DOGE’s price surge, it started breaking all records. As of now, Dogecoin (DOGE) has grown to a point where it is the fourth-largest cryptocurrency in the entire crypto-verse.
Although Dogecoin (DOGE) has started experiencing a downfall since May 9, still, Dogecoin (DOGE) has observed enough adoption that it can continue going on.
The reason why Dogecoin (DOGE) ended up gaining the fourth spot in the top five cryptocurrencies was that it was picked up by mainstream institutions.
So far, Dogecoin (DOGE) several mainstream institutions such as Dallas Mavericks have added it to their payment methods. Mark Cuban, the Dallas Mavericks’ owner, once a cryptocurrency opponent, has remarked on DOGE’s market recognition.
Cuban had previously allowed fans of the Dallas Mavericks (Basketball) to purchase their merchandise and tickets via BTC and ETH. However, the company was not generating much profit and use from adding the two largest cryptocurrencies.
However, once they added DOGE to their payment methods list, their sales have surged significantly. Cuban informed some of the media sources that the sales they have generated through DOGE are more than the combined sales volume generated via BTC and ETH.
Since its price surge and appreciation from the beginning of 2021, DOGE has gained so much that it is now involved in several real-world projects.
One of the major and most remarkable achievements recorded by DOGE is that is in the process of funding a space project.
According to reports, the Geometric Energy Corporation, a logistics, and manufacturing firm based in Canada has made an announcement. The firm is reportedly funding SpaceX for the development of SpaceX’s first rocket that is set to land on the moon.
The Geometric Energy Corporation made the announcement of their collaboration with SpaceX on Sunday, May 9. In the announcement, the logistics firm revealed that it plans to launch its satellite into space by the first quarter of 2020.
The firm has revealed that their satellite will board the Falcon 9 rocket currently being worked on by SpaceX. The satellite that weighs 40kgs will be collecting intelligence from the lunar-spatial with the cameras and sensors installed on it.
The satellite will also have the computational and communication systems installed into it so it can collect the data and send it back to earth in real-time.