The Dogecoin-themed satellite DOGE-1, which was funded with DOGE, is nearing launch. According to Geometric Energy Corporation, the company behind the launch, it is scheduled to lift off on January 12, 2024 from Kennedy Space Center in conjunction with Elon Musk’s SpaceX company. With less than a month to go until that launch, here are the three symbols to watch for a potential rally.
Dogecoin (DOGE)
Naturally, Dogecoin comes first on this list due to its direct connection to satellite launches. It first made headlines in 2021 when the mission was announced, and unlike other rocket launches, this one appears to have been entirely funded using the DOGE token. For this reason, it has become a highly anticipated event, especially among Dogecoin holders who see it as proof of real-world use cases.
Since the rocket is expected to launch in January, meme prices are expected to rise as anticipation grows. Just as the price of DOGE surged in 2021 when the mission was first announced, another rise is expected after the launch.
If the launch goes as expected and the price of Dogecoin rises in response, it could see the price of DOGE finally surpass $0.12. Additionally, “Dogefather” Elon Musk can also post about the launch and his tweets have been known to send DOGE prices soaring.
GEC code
Another token that is expected to rise with the lift-off of the DOGE-1 satellite is the GEC token. This token was released by Geometric Energy Corporation and is already seeing a lot of support ahead of launch. Its price peaked at $2.79 about two weeks ago, with the market cap rising to $30 million.
GEC is currently trading at $0.74, which puts its market capitalization at $9 million. This could be a unique opportunity to accumulate especially if the coin price rises towards the launch. However, for now, interest in the coin remains subdued as cryptocurrency investors’ attention remains focused on the potential approval of the Bitcoin Spot ETF by the US Securities and Exchange Commission (SEC).
DOGE price at $0.0937 | Source: DOGEUSD on Tradingview.com
Something is a symbol
The emergence of the Xi token and its subsequent popularity is associated with the fact that the currency was announced as the official method of payment for advertising on the DOGE-1 satellite. The coin is the native token of the XI Protocol which is a distributed ledger technology that focuses solely on data and how it is represented in space.
The Xi token holds a lot of potential leading up to and after the launch of the Dogecoin-themed DOGE-1 satellite, as it is the only way advertisers can pay for ads. With no other payment method available, this will lead to high demand for tokens as advertisers purchase them to use as payments.
According to CoinMarketCap, the Xi Token is currently priced at $0.008334 at the time of writing, with a market cap of $3.5 million.