The ambitious Dogecoin-funded DOGE-1 cube satellite mission to the Moon recently received crucial regulatory approval from the National Telecommunications and Information Administration (NTIA), moving it one step closer to its targeted launch by SpaceX in early 2024. This NTIA approval was an important milestone, as the mission next needs to secure a key license from the Federal Communications Commission (FCC) that will allow the project to become a reality.
The DOGE-1 mission showcases the incredible power of the passionate Dogecoin community and their collective ambition to propel the popular meme-inspired digital currency to new heights – even into outer space. The innovative satellite, designed by pioneering space technology company Geometric Energy Corporation, will display images and advertisements on an attached screen as it orbits the Moon. It will then broadcast these back to Earth.
The very positive news about the mission clearing a major regulatory hurdle has noticeably boosted market sentiment around Dogecoin over the past day, driving the price up a solid 5.58% to $0.08257. This feel-good factor amongst the highly engaged Dogecoin community, combined with any potential additional positive developments about DOGE-1 in the lead-up to its much-anticipated launch, could help sustain Dogecoin’s price action on an upward trend as 2022 draws to an exciting close. More broadly, the mission demonstrates the remarkable potential of a grassroots cryptocurrency community banding together around a common goal.
