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Dogecoin Foundation to Raise Funding to Promote DOGE

Dogecoin Foundation to Raise Funding to Promote DOGE

HappyCoinNewsHappyCoinNews2024/11/26 22:33
By:HappyCoinNews

Organization Dogecoin Foundation, which is engaged in the development of the ecosystem Dogecoin (DOGE), will attract funding to popularize the meme token.

We are currently seeking core sponsors for 2025 to benefit from the development of open source utilities for the future of decentralized payment systems. Putting cryptocurrency to work for its original purpose of being a medium of exchange free from tyranny, the representatives said. Dogecoin Foundation.

Money received by workers Dogecoin Foundation wants to spend on the implementation of projects within the framework of the "Dogebox Decentralized Infrastructure System". In particular, this system is designed to increase the popularity of using Dogecoin as a means of payment by integrating cryptocurrency into online stores.

During the massive bull run that followed Donald Trump's presidential election victory, DOGE went up in price by 184%, and last week the asset price reached a record high of $2021 since June 0,48. If the plan Dogecoin Foundation is successful, the cryptocurrency market may continue its upward trend, and the coin’s rate may reach new heights in 2025.

However, in the short term, the price of DOGE is at risk of falling, because today the token’s value has again fallen below the 23,6% Fibonacci level, taking into account the growth of the coin’s value during the Trump pump. Therefore, most likely, Dogecoin will fall in price to the support barrier of $0,36, which is located at the 38,2% Fibonacci level.

Dogecoin Foundation to Raise Funding to Promote DOGE image 0

Possible rate decline Dogecoin

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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