Today's crypto news, selected by the editor, includes the DOGE-1 satellite which will orbit the moon next year, including projections for the fate of XRP and reviews of GameStop Memes (GSM).

Each crypto project has its own and unique way of grabbing public attention. Another is Dogecoin (DOGE), another is Ripple Labs (XRP), as is the newcomer GameStop Memes (GSM). There is also a variety of the latest crypto news about the three.

DOGE-1 Satellite Will Orbit the Moon Next Year

The DOGE-1 mini telecommunications satellite is scheduled to orbit the moon on January 12 2024 after several days ago receiving permission from the National Telecommunications and Information Administration (NTIA) in the US. However, it is still waiting for a license from the FCC to permit X-Band and S-Band radio bands, according to Samuel Reid Geometric Energy Corporation in X

This satellite is an initiative of the Dogecoin community itself which started in 2021 and was announced by Elon Musk himself. The satellite was made by the Geometric Energy Corporation and will be launched using SpaceX's Falcon 9 rocket. Based on the original plan, the satellite would transmit video data of the lunar surface from space and could be captured by satellites on Earth.

This method is unique for a crypto project like Dogecoin which was launched in 2013. Even though it was originally published as a parody, thanks to extensive community support, including Elon Musk, Dogecoin today looks different.

Earlier this month, Dogecoin developers said that physical Dogecoin coins could reach Earth's moon in a space transport mission planned by Pittsburgh-based company Astrobotic. This mission is currently planned to launch on December 23, 2023 and carry 21 payloads (cargo) from governments, companies, universities, and NASA's Commercial Lunar Freight Services (CLPS) initiative.

Latest XRP Fate and Ripple Labs Case

Several weeks ago the US Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple Labs executives, CEO Brad Garlinghouse and Chris Larsen, regarding violations of securities regulations. The SEC's step back followed the issuance of a ruling by US District Judge Analisa Torres, which determined that the sale of XRP on crypto exchanges did not constitute an unregistered securities offering. However, the SEC also caught wind, as the judge found that offering XRP to institutions was unlawful. Thus, the Ripple Labs company will continue to face the SEC in the next several hearings, scheduled for April 23, 2024.

Reporting from a number of sources, the market is still projecting a positive attitude towards the price of XRP. XRP price predictions for 2023 show a wide spectrum of estimates, reflecting the inherent volatility of the cryptocurrency market.

Predicted prices for XRP in 2023 vary significantly, with some sources predicting a high of up to US$4.16, while others anticipate a lower figure of around US$0.5. On average, predictions range from US$0.579942 to US$1.47, with expected fluctuations throughout the year.

There was a mix of conservative and optimistic predictions from analysts. While general forecasts suggest a price range of US$1 to US$10, some analysts, including Wells Fargo's Shannon Thorpe, are proposing a more ambitious range of US$100 to US$500. This higher estimate is based on XRP's potential to compete and capture a portion of the market currently served by systems like SWIFT.

According to BitScreener, XRP could peak at US$0.9195 in 2023, with a potential bottom of around US$0.2763. Their long-term predictions for 2030 and 2040 show possible highs of US$1.90 and US$3.01, respectively, indicating a bullish outlook over the long period.

GameStop Memes (GSM)

Today's other crypto news is about a newcomer crypto project, namely GameStop Memes (GSM) which was inspired by the GameStop share price phenomenon in the US in 2021. As a crypto meme, GSM brings the power of the community as in Dogecoin to increase the popularity of this crypto.

Not long ago the team behind GSM claimed that in their token presale they had successfully pocketed US$2 million in funds. For them, this shows initial support from the public for the goals and mission of GSM.

“The events surrounding GameStop in 2021 had a domino effect across multiple financial sectors, including the cryptocurrency space. Inspired by this financial revolution, a token emerged called Wall Street Memes. These tokens illustrate the aftereffects of GameStop, representing a fusion of financial trading and the powerful influence of meme culture in driving market trends. Following the creation of Wall Street Memes, another entity known as GameStop Memes (GSM) was born. This new token is directly inspired by the ‘epic battle’ started by Wall Street Memes. “This new token aims to continue and strengthen the legacy of Wall Street Memes, symbolizing the commitment to continue the mission of challenging traditional financial norms and embracing the power of collective action in financial markets,” said the GSM Team in its whitepaper. #BinanceTournament #safu #BinanceSquare