Dogecoin’s market value recently experienced a 7.50% drop, going from $0.0857 to $0.0802, following an unexpected development from SpaceX.
The aerospace company, led by Elon Musk, reported the loss of its Starship spacecraft during a key test flight. This marks a significant setback for SpaceX’s deep-space launch system, notably its second major test flight challenge.
Dogecoin Price Performance. Source: TradingView
SpaceX engineer John Insprucker, during a livestream, disclosed that the Starship’s automated flight termination system likely activated prematurely during its course.
“What we do believe right now is that the automated flight termination system on second stage appears to have triggered very late in the burn as we were headed downrange out over the Gulf of Mexico,” Insprucker said.
This incident not only affected SpaceX’s space exploration goals but surprisingly sent ripples through the crypto market, evidenced by the sharp decline in Dogecoin’s valuation.
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Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.
