"The plan is so unexpected, you must not have thought of bringing a physical token to the moon."
Dogecoin (DOGE) which is the most popular memecoin is preparing to go on a moon mission where one analyst expects its price to climb up to $4 due to the project.
Samuel Reid, Chief Executive Officer of Geometric Energy, the National Telecommunications and Information Administration (NTIA) which is a division of the Department of Commerce has approved one aspect of the DOGE-1 satellite mission to advance the project.
For context, the DOGE-1 satellite is a CubeSat mission planned by Geometric Energy that is funded entirely through DOGE contributions from members of the memecoin community.
The mini screen on the DOGE-1 satellite will also display advertisements, images and logos as one way for the project to generate additional income.
Following DOGE-1 expected to be implemented in January 2024, DOGE's developers also announced plans to launch physical DOGE tokens to the moon as part of a mission planned by Pittsburgh-based firm Astrobotic.
Astrobotic wants to send a physical DOGE to the moon in a DHL Moonbox via ULA's Vulcan Centaur Rocket on December 23, 2023 where it will carry 21 payloads from governments, companies, universities and NASA's Commercial Lunar Payload Service (CLPS) initiative.
Following the month's mission, interest in DOGE has been increasing as the number of addresses holding the memecoin has recently reached an all-time high of over 5 million.
According to crypto market analyst Ali Charts, the price of DOGE needs to break through its key resistance zone at $0.087 first to continue its move higher at $0.14 or above.
As of this writing, DOGE price jumped by 3.07% to $0.08 in the last 24 hours with a market cap of $11 billion then recorded a gain of 8.80% over the last week.
