Dogecoin-themed Satellite Launch Scheduled for January 12, 2024
The Dogecoin-themed satellite, DOGE-1, funded using DOGE tokens, is set to launch on January 12, 2024, from the Kennedy Space Center alongside Elon Musk’s SpaceX. As the launch date approaches, here are three tokens to watch for potential price rallies.
Dogecoin (DOGE)
Given its direct connection to the satellite launch, Dogecoin is the first token to keep an eye on. The mission gained attention in 2021 when it was announced that it would be fully funded using DOGE tokens. This has generated excitement among Dogecoin holders who see it as proof of real-world utility.
With the rocket expected to take off in January, the price of Dogecoin is anticipated to rise as anticipation builds. Similar to when the mission was first announced in 2021, another surge is expected following the launch. If all goes well and the price surges, Dogecoin may finally cross $0.12. Additionally, Elon Musk’s tweets about the launch could also cause DOGE prices to soar.
GEC Token
The GEC Token, issued by Geometric Energy Corporation, is another token expected to experience a surge with the DOGE-1 satellite launch. The token has already received significant support leading up to the launch, reaching a peak price of $2.79 and a market cap of $30 million.
Currently trading at $0.74 with a market cap of $9 million, there is a unique opportunity for accumulation before the price potentially rises further ahead of the launch. However, interest in GEC remains muted as crypto investors focus on the potential approval of a Bitcoin Spot ETF by the US Securities and Exchange Commission (SEC).
Xi Token
The Xi token has gained popularity as it is the official payment method for advertisements on the DOGE-1 satellite. The coin is part of the XI Protocol, a distributed ledger technology focused on data representation in space.
With no other payment options available, demand for Xi tokens is expected to increase as advertisers purchase them for ad payments. At the time of writing, the Xi Token price is $0.008334 with a market cap of $3.5 million according to CoinMarketCap.
Hot Take: Potential Rallies and Real-World Utility
The upcoming launch of the Dogecoin-themed DOGE-1 satellite presents an exciting opportunity for various tokens. Dogecoin itself is likely to experience a surge in price as anticipation builds and if Elon Musk tweets about it. GEC Token, issued by Geometric Energy Corporation, also has potential for growth leading up to the launch, while Xi Token stands out as the only payment method for advertisements on the satellite. As these tokens gain attention and utility in real-world applications, their prices may see significant rallies.
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