Dogecoin (DOGE) is about to take off, however this time round, not simply on the charts however to the moon. That is going to occur by a undertaking funded by the meme coin, which has been on the horizon for a while now.
DOGE-1 Will get NTIA Approval
In a publish shared on his X (previously Twitter) platform, the CEO of Geometric Power, Samuel Reid, introduced that the Nationwide Telecommunications and Info Administration (NTIA) has accredited the DOGE-1 Satellite tv for pc. Nevertheless, he famous that his firm was but to get the license grant from the Federal Communications Fee (FCC) which can deal with the X-band and S-band.
This growth is, nonetheless, excellent news for the DOGE neighborhood, which has anticipated the launch of the satellite tv for pc for a while now. The undertaking dates again to 2021 when Geometric first introduced plans to launch DOGE-1. The Dogecoin neighborhood immediately picked an curiosity in it because it was made recognized that the undertaking was paid solely with the meme coin.
Curiously, the DOGE-1, an area mission funded solely in Dogecoin, goes to be launched into the lunar orbit by SpaceX, an organization owned by Elon Musk. The world’s richest man is understood to be an avid supporter of the meme coin and probably invested in it, too. As such, it could not come as a shock to many who Musk and his firm have been open to being paid in DOGE to launch the satellite tv for pc.
There’s nonetheless no particular timeline as to when the DOGE-1 would possibly launch, although. SpaceX had earlier knowledgeable Geometric that the DOGE-1 launch to the moon was scheduled for NET (No Sooner than) Q3 2023. With this approval in place now, it stays to be seen whether or not or not that would pace up plans and probably see the launch earlier than the yr runs out.
DOGE value at $0.08 | Supply: DOGEUSD on Tradingview.com
Dogecoin May Nonetheless Go To The Moon This Yr
It’s value mentioning that the DOGE-1 isn’t the one Dogecoin-related undertaking that’s headed to the moon. In October, Astrobotic introduced that the Peregrine was set to be launched into area on December 24. In step with the announcement, the Dogecoin X account acknowledged that the Lunar Lander will ship a bodily Dogecoin to the moon.
It is a mission that’s stated to have been on the neighborhood and has been on the horizon since 2015. These developments are undoubtedly bullish for the meme coin’s ecosystem. Dogecoin might effectively turn out to be the primary cryptocurrency to land on the moon.
DOGE’s value has additionally reacted positively to this growth. On the time of writing, the meme coin is buying and selling at round $0.08089, up over 4% within the final 24 hours, in accordance with information from CoinMarketCap.
Featured picture from Analytics Perception, chart from Tradingview.com
