The Dogecoin Foundation has officially launched its own reserve

The Dogecoin Foundation has officially launched its own reserve, the “Official Dogecoin Reserve”, with a purchase of 10 million DOGE tokens

The Dogecoin Foundation has officially launched its own reserve, the “Official Dogecoin Reserve”, with an initial purchase of 10 million DOGE tokens through its corporate wing, House of Doge. The purchase cost the company a hefty sum of $1.8 million. This action is part of a broader initiative to make Dogecoin a more popular payment solution by overcoming key challenges such as transaction speed and cost.

Dogecoin Reserve Explained! Ambitions for Further Adoption

The reserve serves as a proof of concept to highlight Dogecoin’s capability for executing seamless and almost instant payments, in contrast to the perception of crypto transactions as slow and cumbersome. By maintaining a liquidity pool and executing this transaction batch, this initiative will allow DOGE to boast decreased transaction processing speeds, almost comparable to a traditional credit card transaction. This moves aims to negate the delay usually related to blockchain confirmations, rendering Dogecoin a viable everyday payment option. To add to that, DOGE’s meager transaction fees also offer a pocket-friendly alternative for businesses compared to the fees levied by traditional banks.

House of Doge has also discussed plans to forge strategic collaborations in the hopes of driving DOGE adoption. The company will be announcing these partnerships in the upcoming months and they will be focused on facilitating the integration of Dogecoin into mega-events and government services. These partnerships will showcase Dogecoin’s scalability and use cases in real-world scenarios, ranging from facilitating city parking payments to streamlining utility bills.

Further programs are also being developed to provide cashback to users and offer merchant discounts, ultimately aiming to boost adoption rates and introduce more people to the cryptocurrency.

Unlike Bitcoin’s fixed supply system, DOGE’s inflating structure brings an influx of approximately 5 billion tokens every year. This ensures good liquidity for any transaction, setting it up for optimal performance and speed. These efforts are establishing Dogecoin as a functional currency rather than a demand-based asset, focusing on highlighting its strengths as a global payment solution.

As DOGE cements its niche in the cryptocurrency space, let’s quickly take a look at what impact has been observed on the coin itself after these key executive decisions.

DOGE Price Analysis: DOGE Rises Amidst Important Adoption Initiatives

Yesterday’s session saw DOGE begin at $0.1725, with strong buying momentum pushing it up. The buying pressure took DOGE to $0.1747 but failed to push it further as DOGE slid to the $0.1706 support, thanks to a death cross on the MACD. Soon, a golden cross appeared on the MACD, signaling the commencement of an upward trend.

As DOGE began to slowly climb, it was met by short reversals. But the overall uptrend continued as by 12:15 UTC, DOGE was trading at $0.1775. A short dip followed as DOGE consolidated around $0.1765. At 13:40, the moving averages formed a huge golden cross as DOGE spiked upward, reaching $0.1844 after a short reversal and an uptrend by 16:15. However, DOGE found strict resistance at that level.

Chart 1 – Published on Tradingview, March 25, 2025

As buying pressure decreased, the DOGE price came down as well, as an extended death cross also appeared on the MACD indicator. DOGE eventually found support at $0.1821. For the rest of the day, DOGE continued to exhibit range-bound fluctuations, alternating between the support and the $0.1866. DOGE seemed to be working in a slow uptrend, as of the last update.

DOGE Price Prediction: Can DOGE break the $0.186 Barrier?

DOGE’s performance has been marked by periods of consolidation followed by periods where the price spikes and establishes new supports. The last 24 hours also spell the same story. Given that, a day of ranges can be on the cards for March 25. As of the last update, DOGE was testing the resistance again. But the signal line also looked to be on the verge of dipping below the long-term EMA, hinting at a price drop. Based on DOGE price predictions, this could also mean that DOGE may drop further to find new support for the coming price movements.