According to Samuel Reid, CEO of Geometric Energy Corporation (GEC), the company has paid SpaceX in Dogecoin (DOGE) “for re-booking the DOGE-1 Mission to the Moon.” DOGE-1 is a CubeSat lunar mission, paid for entirely with DOGE. Reid took to X and informed the community of the latest developments.
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The DOGE-1 mission was supposed to launch with the Falcon 9 rocket in 2022. However, the satellite was not ready on time, and the mission was postponed. Elon Musk’s SpaceX announced the DOGE-1 mission in 2021. Musk had said it would be the first crypto in space and also the first meme in space.
Will Dogecoin (DOGE) rally after the launch?
Dogecoin’s (DOGE) price has often reacted to Musk’s activities. Musk is one of the most vocal DOGE supporters, and many of his companies accept the popular memecoin as payment. Crypto users can use DOGE for Tesla merchandise.
Although the GEC team nor the SpaceX team has revealed the launch date for the DOGE-1 mission, the event will likely cause DOGE to rally. The lunar mission will be a significant milestone for the DOGE team and community.
Dogecoin (DOGE) has struggled throughout 2023. The asset is down by 3.6% in the weekly charts, almost 3% in the 14-day charts, and 3.3% over the previous month. Moreover, DOGE’s price has fallen by 15.2% since January 2023.
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According to Changelly, Dogecoin (DOGE) will continue to fall this month. Moreover, the platform does not anticipate DOGE to rally much in 2024. Telegaon, on the other hand, paints a more bullish picture for DOGE in 2024. According to the platform, DOGE could hit a maximum price of $0.59 this year. However, the platform does not clarify when DOGE could attain this target.
