Dogecoin (DOGE) is about to take off, but this time, not only on the charts but to the moon. This will happen through a meme coin-funded project, which has been on the horizon for some time.
DOGE-1 gets NTIA approval
in a mail Shared on his X platform (formerly Twitter), Geometrica Energy CEO Samuel Reid announced that the National Telecommunications and Information Administration (NTIA) approved the DOGE-1 satellite. However, he noted that his company had not yet obtained the license from the Federal Communications Commission (FCC) that would address the X and S bands.
However, this development is good news for the DOGE community, which has been anticipating the launch of the satellite for some time. The project dates back to 2021 when Geometric for the first time Announced plans to launch DOGE-1. The Dogecoin community instantly became interested in it, as it emerged that the project was paid for entirely with the meme coin.
Interestingly, the DOGE-1 space mission, funded entirely with Dogecoin, will be launched into lunar orbit by SpaceX, a company owned by Elon Musk. It is known that the richest man in the world is a avid supporter meme coin and possibly invested in it, also. As such, it may not surprise many that Musk and his company were open to being paid in DOGE for launching the satellite.
However, there is still no specific timeline on when DOGE-1 could be launched. SpaceX had previously reported Geometric that DOGE-1’s launch to the moon was scheduled for NET (not before) the third quarter of 2023. With this approval now in place, it remains to be seen if that could accelerate plans and possibly see the launch before the year. it’s over.
DOGE price at $0.08 | Source: DOGEUSD on Tradingview.com
Dogecoin could still go to the moon this year
It is worth mentioning that the DOGE-1 It is not the only Dogecoin-related project heading to the moon. In October, Astrobotic announced that Peregrine would launch into space on December 24. In line with the announcement, the Dogecoin fixed that the lunar lander will send a physical signal Dogecoin to the moon.
This is a mission that is said to have been in the community and on the horizon since 2015. These developments are undoubtedly bullish for the meme coin ecosystem. Dogecoin It could well become the first cryptocurrency to land on the moon.
DOGE price has also reacted positively to this development. At the time of writing, the meme coin is trading at around $0.08089, up more than 4% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Analytics Insight, chart from Tradingview.com
