Dogecoin (DOGE) is about to take off, but this time around, not just on the charts but to the moon. This is going to happen through a project funded by the meme coin, which has been on the horizon for some time now.
DOGE-1 Gets NTIA Approval
In a post shared on his X (formerly Twitter) platform, the CEO of Geometric Energy, Samuel Reid, announced that the National Telecommunications and Information Administration (NTIA) has approved the DOGE-1 Satellite. However, he noted that his company was yet to get the license grant from the Federal Communications Commission (FCC) which will address the X-band and S-band.
This development is, however, good news for the DOGE community, which has anticipated the launch of the satellite for some time now. The project dates back to 2021 when Geometric first announced plans to launch DOGE-1. The Dogecoin community instantly picked an interest in it as it was made known that the project was paid entirely with the meme coin.
Interestingly, the DOGE-1, a space mission funded entirely in Dogecoin, is going to be launched into the lunar orbit by SpaceX, a company owned by Elon Musk. The world’s richest man is known to be an avid supporter of the meme coin and possibly invested in it, too. As such, it may not come as a surprise to many that Musk and his company were open to being paid in DOGE to launch the satellite.
There is still no specific timeline as to when the DOGE-1 might launch, though. SpaceX had earlier informed Geometric that the DOGE-1 launch to the moon was scheduled for NET (No Earlier than) Q3 2023. With this approval in place now, it remains to be seen whether or not that could speed up plans and possibly see the launch before the year runs out.
Dogecoin Could Still Go To The Moon This Year
It is worth mentioning that the DOGE-1 isn’t the only Dogecoin-related project that is headed to the moon. In October, Astrobotic announced that the Peregrine was set to be launched into space on December 24. In line with the announcement, the Dogecoin X account stated that the Lunar Lander will send a physical Dogecoin to the moon.
This is a mission that is said to have been on the community and has been on the horizon since 2015. These developments are undoubtedly bullish for the meme coin’s ecosystem. Dogecoin could well become the first cryptocurrency to land on the moon.
DOGE’s price has also reacted positively to this development. At the time of writing, the meme coin is trading at around $0.08089, up over 4% in the last 24 hours, according to data from CoinMarketCap.