Date: [Insert Date]
Written By: Follow TheCryptoBasic
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**Elon Musk’s Brief Comment Sparks Sharp Rally in DOGE-1 Token**
A brief but powerful comment from SpaceX CEO Elon Musk triggered a sharp rally in the DOGE-1 token early this week. Responding to a post by Dogecoin enthusiast DogeDesigner, who resurfaced Musk’s 2021 pledge that SpaceX would “put a literal Dogecoin on the literal moon,” Musk replied simply: “It’s time.”
This two-word message instantly sparked speculation that the long-awaited DOGE-1 lunar mission might be nearing launch. Traders reacted within minutes, igniting a massive rally in the DOGE-1 Satellite token, a Solana-based memecoin linked to the SpaceX project.
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**DOGE-1 Surges After Weeks of Decline**
Before Musk’s post, DOGE-1 had been trading in line with the broader crypto downturn, reaching a record low of $0.000282 earlier this week. Musk’s tweet quickly flipped market sentiment. This shift drove the token above $0.0011, marking an increase of more than 300% from November 3 levels.
Within 24 hours, DOGE-1’s market capitalization surged 367% to $9.17 million, according to market data. It later eased to around $7.9 million but remained 337% higher than its November 2 all-time low.
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**SpaceX Connection Drives Renewed Interest**
The DOGE-1 token is inspired by SpaceX’s DOGE-1 lunar mission, first announced in 2021. The project plans to send a small satellite into lunar orbit, carrying a display screen that will beam digital ads, images, and logos from space. Cameras onboard will livestream the broadcasts to Earth via platforms such as YouTube and Twitch.
Notably, the mission — partially funded with Dogecoin — has long symbolized Musk’s playful relationship with crypto culture.
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**Trader “Mitch” Makes Timely Move**
As the DOGE-1 price surged, blockchain analytics platform Lookonchain reported that a trader known as “Mitch” or “god.sol” quickly joined the rally. Specifically, he purchased 16.27 million DOGE-1 tokens for 100 SOL, showcasing a strategic move ahead of further price action.
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**Analyst Insights & Market Updates**
– **XRP Opportunity:** Market analyst Income Sharks suggests that those who missed buying XRP under $2 could soon get another chance to purchase at similar levels.
– **Shiba Inu (SHIB) Performance:** Shiba Inu continues to struggle, recently falling to a 23-month low. This latest price capitulation has pushed SHIB to levels not seen in nearly two years.
– **SHIB Support Trend:** Analyst “Akbarkarimzsfeh” notes that SHIB has touched a critical lower support trendline, a level that has historically sparked strong rebounds followed by explosive price action.
– **Dogecoin Cycle & Targets:** Dogecoin appears to be following a pattern similar to its first full bull cycle. If this trend mirrors the previous cycle, the meme coin could surge to unprecedented prices as October ends.
– **Dogecoin Rebound Prediction:** Prominent market analyst Ali Martinez highlights a potential rebound for Dogecoin from recent lows, sharing bullish price targets. Martinez shared these insights in his latest Thursday analysis.
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Stay tuned for more updates as the crypto market evolves and the DOGE-1 lunar mission progresses.
https://thecryptobasic.com/2025/11/05/elon-musk-post-sends-doge-1-token-soaring-over-300-despite-crypto-market-slump/