Approaching its launch date, the DOGE-1 satellite, funded with Dogecoin, is set to take off on January 12, 2024, from the Kennedy Space Center in collaboration with SpaceX, led by Elon Musk. As the countdown ticks, here are three tokens to watch for potential rally opportunities.
Facts About Dogecoin (DOGE)
At the forefront of this list is Dogecoin, owing to its direct link to the satellite launch. It gained significant attention in 2021 with the mission announcement. Notably, unlike traditional rocket launches, this venture is purportedly funded entirely with the DOGE token, heightening anticipation. Dogecoin holders view it as tangible evidence of real-world applications, adding to the event’s significance.
With the rocket set to launch in January, the meme coin’s prices are anticipated to climb with growing excitement, mirroring the surge seen in 2021 upon the mission announcement. A successful launch could propel Dogecoin’s price beyond $0.12, especially if ‘Dogefather’ Elon Musk, known for his influential tweets, shares about the event, potentially sparking another surge in DOGE prices.
GEC Token
Anticipated to surge alongside the DOGE-1 satellite launch is the GEC Token, issued by Geometric Energy Corporation. Garnering substantial support ahead of the event, the token reached a peak of $2.79 approximately two weeks ago, boasting a market cap of $30 million.
Currently trading at $0.74, GEC’s market cap stands at $9 million, presenting a unique accumulation opportunity, especially if the coin’s price experiences an upswing leading up to the launch. However, current interest in the coin remains subdued, as the focus of crypto investors is currently directed toward the potential approval of a Bitcoin Spot ETF by the US Securities and Exchange Commission (SEC).
Xi Token
The rise in popularity of the Xi token is linked to its designation as the official payment method for advertisements on the DOGE-1 satellite. Serving as the native token for the XI Protocol, this cryptocurrency operates on distributed ledger technology with a primary focus on data representation in space.
The Xi token holds significant potential both preceding and following the launch of the Dogecoin-themed DOGE-1 satellite, given its exclusive status as the sole method for advertisers to pay for ads. With no alternative payment options, there is anticipated high demand for these tokens as advertisers acquire them for transactions.
As of the latest data from CoinMarketCap, the current price of the Xi Token is $0.008334, accompanied by a market cap of $3.5 million.
