In an unexpected turn of events, Dogecoin (DOGE) has seen a remarkable surge of more than 11%, while major cryptocurrencies like Bitcoin and Ethereum are facing a market dip.
The surge in activity and rekindled interest in meme-based crypto are the reasons for this unanticipated upswing.
This surge appears to have been sparked by conjecture related to the Astrobotic lunar mission. Fans are counting down the seconds until “Physical Dogecoins” appear in the current Peregrine Mission One.
On November 16, Dogecoin’s official X account announced on Twitter that Astrobotics would be delivering physical Dogecoins into space, which fueled further rumors.
Dogecoin’s value has surged, suggesting a possible rally for the original meme coin, thanks to positive technical and on-chain factors.
Dogecoin is currently trading at $0.08585, showing a 10% increase over the last day and a noteworthy 18% increase over the last week, according to the most recent update.
In the past 24 hours, there has been a noteworthy surge in the daily trading volume, amounting to over 115.3%, or $1.9 billion. Notably, earlier today, DOGE briefly traded in the $0.087 range.
Last week, data from burn tracker Shibburn revealed that a total of 9.6 million Shiba Inu (SHIB) tokens, DOGE rival, were burned in the past 24 hours.