GEC and XI tokens surge ahead of DOGE-1 satellite launch funded in Dogecoin, signaling crypto's role in space ventures - IcoHolder.

Tokens associated with Geometric Energy Corporation (GEC) have experienced a substantial surge in value as the company gears up for the launch of the DOGE-1 satellite, set to orbit the moon. The mission, fully funded in Dogecoin (DOGE) and known for its connection to the popular meme coin, is scheduled for liftoff on January 12, 2024, aboard a SpaceX rocket from the Kennedy Space Center in the U.S.

1. GEC Token Records Fourfold Increase: The GEC token, issued by Geometric Energy Corporation, has witnessed a remarkable increase in value, surpassing a fourfold rise over the past week. This surge is attributed to the heightened anticipation surrounding the imminent launch of the DOGE-1 satellite, showcasing the influence of cryptocurrency enthusiasm in innovative space ventures.

2. XI Token Gains for Satellite Ad Payments: In tandem with the GEC token, the XI token, designated for paying for advertisements displayed on the satellite, has seen a notable 36% increase in value. Together, the GEC and XI tokens now boast a combined market capitalization of just over $30 million, with more than 6,000 individual holders, as evidenced by on-chain data.

3. DOGE-1 Satellite Background: Geometric Energy Corporation initially unveiled the DOGE-1 satellite project in May 2021, announcing it as the payload for a SpaceX Falcon 9 rocket, with the original launch date slated for 2022. The project gained attention for being entirely funded in Dogecoin, leveraging the popularity and support of Dogecoin advocate Elon Musk, the founder of SpaceX.

4. Regulatory Approvals Clear the Path: Samuel Reid, the founder of Geometric Energy Corporation, confirmed that SpaceX has successfully secured the required regulatory approvals for the DOGE-1 satellite launch. This development marks a pivotal step forward, bringing the mission closer to fruition.

The surge in token values reflects the growing intersection of cryptocurrency and space exploration, showcasing the evolving role of blockchain technology in funding and advancing innovative projects beyond Earth. As the DOGE-1 satellite launch approaches, the crypto community eagerly awaits the successful execution of this unique mission funded by Dogecoin.