Dogecoin (DOGE) is back in the spotlight! A new DOGE reserve is catching investors' attention, potentially influencing its price significantly. Will we see a bullish explosion or just a temporary effect? Analyzing the implications and market predictions.
The announcement of the launch of the Dogecoin Reserve by the House of Doge has surged DOGE price by 5% in just 24 hours. Rising from $0.17 to $0.19, the memecoin now displays a market cap of $28.33 billion. With a trading volume up by 54% to $1.63 billion, investors show a real enthusiasm for this new development.
— Mario Nawfal (@MarioNawfal) March 24, 2025
BREAKING: HOUSE OF DOGE LAUNCHES OFFICIAL DOGECOIN RESERVE WITH 10 MILLION COIN PURCHASE
House of Doge, the corporate arm of the Dogecoin Foundation, just established "The Official Dogecoin Reserve" with an initial 10 million coin purchase.
This initial purchase is expected… pic.twitter.com/7JMaDjy8X1
Unlike the traditional bitcoin reserves, the DOGE reserve aims primarily to provide liquidity. Its goal is also to develop Dogecoin into a global payment solution.
“The House of Doge lays the foundation for a robust payment ecosystem designed to bring liquidity and reliability,” stated Michael Galloro, an elected member of the House of Doge’s board.
Beyond mere hoarding, the Dogecoin Reserve also aims to address blockchain speed issues, a major hindrance to the adoption of cryptocurrencies for retail transactions. Loyalty and incentive programs for merchants accepting DOGE are even discussed.
The establishment of this Dogecoin Reserve could be a real stepping stone for the cryptocurrency. This major milestone could change its image from a volatile asset to a widely adopted currency.
The rebound in DOGE price. Source: CoinGecko
We observe a 5% rebound following this announcement. The success of this reserve and the increasing adoption of DOGE could propel its price well beyond its historical highs. Some analysts even mention a potential of $0.8 or more. This could be the case if SEC approves Dogecoin ETFs, including those already filed by Grayscale and Bitwise.
This is far from a mere symbolic gesture. The launch of the Dogecoin Reserve by the House of Doge could mark a decisive turning point for the memecoin. By facilitating its adoption as a means of payment, this ambitious initiative has the potential to sustainably boost DOGE price. Informed investors should keep a close eye on the developments surrounding this reserve.
If you wish to invest in DOGE easily, you can do so on Bitget. Here’s how:
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