Dogecoin Core 1.14.8 Update Bolsters Security Amid Analysts’ $2.55 Price Forecast Read CoinChapter.com on Google News
NAIROBI (CoinChapter.com) — Dogecoin’s development team has rolled out Dogecoin Core 1.14.8, a key update aimed at enhancing the cryptocurrency’s stability, efficiency, and security. The new version is available on GitHub and is essential for users, particularly those operating nodes, as it incorporates several backported fixes from Bitcoin Core.
Dogecoin Core 1.14.8: Operational and Security Updates
Dogecoin Core 1.14.8 introduces critical updates to improve network operations and security. The release includes several fixes backported from Bitcoin Core’s upstream, underscoring the network’s ongoing development efforts.
Junior developer @chromatic_x announced the release on X and advised users across all platforms to update due to the importance of these network code changes.
Screenshot of a tweet from @chromatic_x announcing the release of Dogecoin Core 1.14.8. Source: X
Key changes include a reduction in peer inventory (INV) object counts, optimizing resource usage, and reducing network traffic. The transaction request tracking system now prioritizes outbound peers, improving CPU and memory usage as the network grows.
Orphan transactions are now processed similarly to regular “getdata” messages, streamlining the code and reducing errors. The update also reduces “getheaders” traffic for INV messages, cutting bandwidth usage.
Additionally, dependencies like fontconfig, freetype, and expat libraries have been updated to ensure secure and efficient operation and support network stability.
Analysts Predict Dogecoin Could Surge to $2.55 by 2025
Dogecoin (DOGE) is currently trading at around $0.1037, showing a 2.10% gain over the past day. This increase follows a sharp dip to $0.083, with DOGE now stabilizing around $0.09 amid renewed buying interest.
Dogecoin 1-day price chart. Source: TradingView
Analyst Alan Santana has highlighted an accumulation zone between $0.05 and $0.083, where investors are strategically buying in anticipation of a rally. Santana’s projections suggest DOGE could reach between $1.85 and $2.55 by 2025, contingent on breaking key resistance levels at $0.127, $0.214, and $0.32.
Dogecoin 3-day price chart. Source: Alan Santana
Another market analyst, Zer0, supported this view, noting that DOGE’s historical patterns often show explosive growth following prolonged consolidation. The analyst emphasized that DOGE’s current phase mirrors previous cycles in which the token eventually surged after periods of stagnation.
On-Chain Data Offers Additional Insights
Dogecoin’s on-chain data shows a mix of signals that could affect its future price. Wallets holding between 1 million to 10 million DOGE have been steadily accumulating, suggesting bullish sentiment among larger holders.
In contrast, wallets with 100 million to 1 billion DOGE show fluctuations, indicating possible profit-taking or repositioning.
Dogecoin supply and distribution chart. Source: Santiment
According to Coinglass, Dogecoin’s Market Value to Realized Value (MVRV) ratio is around 3.1%. Such low MVRV has historically led to price rebounds.
However, the prolonged low MVRV suggests the market is still dealing with excess supply, which may delay any quick recovery. Investors are cautious, pointing to a possible extended consolidation before price changes.
Dogecoin Total Value Locked. Source: DefiLlama
Dogecoin’s Total Value Locked (TVL) in decentralized finance is $3.34 million, modest compared to its $14.97 billion market capitalization. This indicates limited DeFi engagement, with DOGE’s utility still focused on traditional uses.
The post Dogecoin Core 1.14.8 Update Bolsters Security Amid Analysts’ $2.55 Price Forecast appeared first on CoinChapter.
