Doge-Inspired Tokens Soar as DOGE-1 Satellite Gears Up for SpaceX Launch

Over the preceding week, GEC token values have surged significantly, quadrupling in a notable market development. Simultaneously, XI tokens have experienced a substantial uptick, witnessing a 35% increase during the same timeframe. These tokens are closely associated with Geometric Energy Corporation (GEC), a company specializing in space logistics and energy. The firm is currently in the spotlight due to its ambitious project involving the DOGE-1 satellite.

Both GEC and XI tokens linked to Geometric Energy Corporation are observing a considerable rise in value as the company prepares for the imminent launch of the DOGE-1 satellite. This satellite, inspired by the renowned cryptocurrency Dogecoin, is scheduled for liftoff on January 12, facilitated by a SpaceX rocket from the Kennedy Space Center in the United States.

The GEC token, released by the company, has demonstrated an impressive market response, more than quadrupling in value over the past week. Additionally, XI, another token associated with the project and purportedly used for ad payments displayed on the satellite, has seen a substantial climb of 36%. Together, these tokens boast a collective market capitalization surpassing $30 million and are held by over 6,000 individual holders, according to on-chain data.

The DOGE-1 satellite project was initially unveiled by Geometric Energy Corporation in May 2021, announcing it as the payload for a SpaceX Falcon 9 rocket launch initially scheduled for 2022. A distinctive feature of this venture is its complete funding through dogecoin (DOGE), a cryptocurrency inspired by memes and strongly endorsed by SpaceX founder Elon Musk.

With regulatory approvals secured, SpaceX is now poised to launch the DOGE-1 satellite, bringing this unique project a step closer to reality, as affirmed by Geometric Energy Corporation founder Samuel Reid. This mission represents one of two forthcoming dogecoin-related space initiatives.

Coming next year as launched by SpaceX... ????

The DOGE-1 legend will be fulfilled by Geometric Energy Corporation (GEC)!@GeometricEnergy x @SpaceX $GEC #GEC #GeometricEnergyCorporation $XI pic.twitter.com/95tpg0rRWX

— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) December 5, 2023

In a related development earlier in the current month, Dogecoin developers disclosed another mission involving a physical dogecoin token destined for the moon. This specific mission, organized by the Pittsburgh-based firm Astrobotic, is scheduled for December 23 and includes 21 payloads from diverse entities such as governments, companies, universities, and NASA's Commercial Lunar Payload Services (CLPS) initiative. These initiatives underscore the increasing convergence between cryptocurrency enthusiasm and endeavors in space exploration.

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