The Dogecoin-themed satellite, DOGE-1, which was funded using DOGE is getting closer to its launch. According to Geometric Energy Corporation, the company behind the launch, it is scheduled for takeoff on January 12, 2024, from the Kennedy Space Center in conjunction with Elon Musk’s SpaceX. With less than a month left to go for this launch, here are the three tokens to keep an eye on for a potential rally.
Dogecoin (DOGE)
Naturally, Dogecoin comes first on this list given its direct connection to the launch of the satellite. It first made the headlines in 2021 when the mission was announced, and unlike other rocket launches, this mission was apparently funded entirely using the DOGE token. For this reason, it has become a highly anticipated event, especially among Dogecoin holders who see it as evidence of real-world use cases.
As the rocket is expected to take off in January, prices of the meme coin are expected to rise as the anticipation grows. Just like the DOGE price surged in 2021 when the mission was first announced, another surge is expected to happen following the launch.
If the launch goes as expected and the Dogecoin price surges in response, then it could see the DOGE price finally cross $0.12. Additionally, ‘Dogefather’ Elon Musk could also post about the launch and his tweets have been known to send DOGE prices soaring.
GEC Token
Another token that is expected to surge as the DOGE-1 satellite takeoff is the GEC Token. This token was issued by Geometric Energy Corporation and is already seeing a lot of support ahead of the launch. Its price peaked at $2.79 around two weeks ago, with its market cap rising as high as $30 million.
GEC is currently trading at $0.74 which puts its market cap at $9 million. This could prove to be a unique opportunity for accumulation especially if the coin’s price surges moving towards the launch. However, for now, interest in the coin remains muted as the attention of crypto investors remains focused on a potential Bitcoin Spot ETF approval by the US Securities and Exchange Commission (SEC).
The emergence and subsequent popularity of the Xi token have to do with the fact that the coin has been announced as the official way to pay for advertisements on the DOGE-1 satellite. The coin is the native token of the XI Protocol which is a distributed ledger technology solely focused on data and how they’re represented in space.
Xi token carries a lot of potential leading up to and after the Dogecoin-themed DOGE-1 satellite launch because it is the only way advertisers can pay for ads. With no other payment method available, this will translate to high demand for the tokens as advertisers buy them up to use as payments.
According to CoinMarketCap, the Xi Token price is currently sitting at $0.008334 at the time of writing, with a market cap of $3.5 million.