The Geometric Energy Corporation (GEC), an intellectual property, manufacturing, and logistics firm, recently amassed noteworthy attention across the global horizon as the firm announced fresh advancements orbiting project DOGE-1, a CubeSat mission entirely funded with Dogecoin. The announcement promptly gained significant traction across the cryptocurrency realm as it emerged amid Dogecoin’s price pump.

As per the announcement, the GEC embarked further with its commercial venture, DOGE-1 Mission to the Moon, overcoming significant regulatory hurdles. Moreover, concerning the announcement, the refinement and testing of the mission are now all set for commencement.

A Closer Look Into The Announcement

The announcement, unveiled by Samuel Reid, CEO of GEC, proclaimed that the firm is now forging ahead with an apparent campaign to test launch DOGE-1. Furthermore, unchaining from the regulatory constraints of NOAA, FCC, NTIA, NASA, and DOD, the firm’s project now aims to refine itself further.

In addition, according to the statement released, the enhancement of orbital trajectory analysis and the commencement of missions and payload operations ground segment testing are now scheduled to begin for DOGE-1. Meanwhile, the mission is reserved with SpaceX, an entity backed by Elon Musk, on an open manifest basis.

Moreover, as per Reid, the firm aims to complete testing for the DOGE-1 flight and ground systems, potentially readying it for proper integration with the launch vehicle on the initial lunar (DOGE-1) flight. Aligning with this, the GEC notably embarks on pioneering a novel approach, revolutionizing space missions with the help of blockchain technology.

Also Read: Crypto Market Recovery: Here’s Why BTC, ETH, SOL, & DOGE Prices Are Rising

Dogecoin Price Hops

As of writing, the Dogecoin price noted a marginal jump of 0.86% over the past 24 hours and is currently trading at $0.08313. However, the monthly and weekly charts for the meme coin showcased a downward trajectory, fueling further speculations for the token.

Intriguingly, the price jump portrayed by the meme coin seems to be much-eyed by crypto fanatics globally, following DOGE-1’s recent announcement. With the project’s direct involvement with Dogecoin, traders appear to be amassing bullish thoughts on the token.

Also Read: OpenAI Explores Content Licensing Deals With Publishers Amid NYT Legal Woes

The post Dogecoin Price Jumps As GEC Overcomes Regulatory Hurdles Orbiting DOGE-1 Test Launch appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am