The Dogecoin Foundation announced the creation of an official reserve, potentially enhancing its functionality and market interest.
Reserve Initiative
On March 24, 2025, the 'House of Doge' within the Dogecoin Foundation initiated the Official Dogecoin Reserve by acquiring 10 million DOGE. The aim of this step is to enhance payment utility and transaction efficiency. The new reserve is expected to strengthen Dogecoin's role as a transaction facilitator.
Current Market Situation
Following the reserve's launch, Dogecoin traded at $0.1931, with a market cap of around $28.64 billion and a 24-hour trading volume of $1.56 billion. On March 29, the price decreased to $0.173, with market cap standing at $25.72 billion, reflecting a 4.23% decline.
Analysis and Forecasts
Analysts predict growth amid renewed interest in Dogecoin. Whale activities, accumulating over 200 million DOGE, indicate strong confidence despite volatility. Leading experts suggest potential rises to $1 and beyond.
The launch of the Dogecoin Reserve represents a significant step that could enhance its market position and stimulate new activity in the cryptocurrency sphere.
