Crypto Tokens Integrated with Dogecoin-Funded DOGE-1 Satellite Plunges Before Launching of SpaceX

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Two tokens associated with Geometric Energy Corporation, a space logistics and energy company, are surging ahead of their mission to launch DOGE-1, a satellite themed around Dogecoin, into lunar orbit. The scheduled launch date is January 12, using a SpaceX rocket from the Kennedy Space Center in the U.S. The company’s token, GEC, has more than quadrupled in value over the past week, while the ad-payment token XI has seen a 36% increase. Combined, they boast a market capitalization just above $30 million, with over 6,000 individual holders, according to on-chain data. Geometric Energy initially announced the DOGE-1 satellite in May 2021, set to be carried by a SpaceX Falcon 9 rocket, with the entire mission funded in Dogecoin, a cryptocurrency backed by SpaceX founder Elon Musk.

Geometric Energy founder Samuel Reid reports that SpaceX has secured the necessary regulatory approvals, marking a crucial step forward for the DOGE-1 mission. This development brings the Dogecoin-themed satellite closer to becoming a reality. DOGE-1 is part of the upcoming duo of Dogecoin-related missions. In a separate initiative, Astrobotic, a Pittsburg-based firm, aims to send a physical Dogecoin token to the moon on Dec. 23 as part of a space payload mission. The mission encompasses 21 payloads from various entities, including governments, companies, universities, and NASA’s Commercial Lunar Payload Services (CLPS) initiative.

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