The DOGE-funded Dogecoin-themed satellite DOGE-1 is coming soon. According to Geometry Energy, the company behind the launch, it plans to take off from the Kennedy Space Center on January 12,2024. With less than a month to go, here are three tokens to watch for in hopes of a possible rebound.
Dogecoin (DOGE)
Given that dogecoin is directly related to satellite launch, naturally, dogecoin comes first. It * * made headlines when the mission was announced in 2021, and unlike other rocket launches, the mission was apparently fully funded by using DOGE tokens. As a result, it has become a much-anticipated event, especially for doggie coin holders, who see it as evidence of real-world use cases.
With the rocket expected to take off in January, the price of coins is expected to rise as expectations increase. Just like the DOGE price surge in 2021 when * * announced the mission, another surge is expected after the launch.
If the issue goes as expected and the price of canecoin surges, the canecoin could end up exceeding $0.12. In addition, Dogefather Elon Musk may also release information about the release, with his tweets known to send DOGE prices soaring.
GEC token
Another token that is expected to soar as the DOGE-1 satellite takes off is the GEC token. The token was issued by Geometric Energy Corporation and had a lot of support before its release. About two weeks ago, its price peaked at $2. 79, and its market value rose to $30 million.
GEC is currently trading at $0. 74, with a market cap of $9 million. This could prove to be a unique accumulation opportunity, especially if the price of the token soared before issuance. For now, however, little interest in cryptocurrency investors remains focused on the potential Securities and Exchange Commission (SEC) approval of a spot bitcoin ETF.
Xi token
The emergence and subsequent popularity of the Xi tokens is related to the official way the token has been declared to pay for DOGE-1 satellite advertising. The coin is a native token of the XI protocol, a distributed ledger technology that focuses only on data and the way it is represented in space.
Xi tokens have great potential before and after the launch of the Dogecoin-themed DOGE-1 satellite, because it is the only way advertisers can pay for advertising. Since there are no other payment method available, this will translate into a high demand for tokens, as advertisers buy tokens for payment.
As of writing, the Xi token is currently $0. [] 008,334, with a market cap of $3.5 million, according to CoinMarketCap.