House of Doge, a new division of the Dogecoin Foundation, has launched its official Dogecoin reserve. This bold move aims to address one of the major challenges of digital currencies, slow transaction speeds. The project’s goal is to make Dogecoin faster and smoother as a practical payment method for everyday use. By purchasing 10 million Dogecoins worth $1.8 million, House of Doge aims to speed up blockchain transactions and make payments more efficient for businesses and consumers. Michael Galoro, a selected board member of House of Doge, believes this reserve not only speeds up transactions but also increases the attractiveness of Dogecoin as a practical payment method. House of Doge intends to promote the use of Dogecoin in global payments through introducing simple payment methods and reducing blockchain settlement times. The Dogecoin Foundation also announced that it will soon reveal its major partnerships for global adoption of this digital currency. Additionally, representatives from the United States have shown interest in Dogecoin and are exploring its use for everyday payments such as city parking and utility bills. Meanwhile, three Dogecoin ETF applications are currently awaiting review by the U.S. Securities and Exchange Commission. Bloomberg analysts estimate a 75% chance of approval for these ETFs by the end of the year. On the other hand, with Dogecoin’s price stabilizing in a symmetrical triangle pattern, there is a possibility of a price breakout in the near future. Analysts predict that Dogecoin could increase by up to 16% and reach a range of $0.19 to $0.20. Ultimately, with increasing acceptance, interest from major institutions, and efforts to make transactions faster and cheaper, the future of Dogecoin as a promising primary digital currency seems hopeful. Visit the real-time digital currency price page to view live prices of all tokens and cryptocurrencies.
