The Dogecoin Foundation made an important reminder to the DOGE community and made a statement about the current work of the meme coin project. The foundation announced that it is focusing on new projects as well as its efforts to develop the Dogecoin ecosystem. Along with these statements, Tron founder Justin Sun also made a remarkable comment about DOGE. In the midst of all these developments, Dogecoin (DOGE) experienced a significant price increase due to the support of Elon Musk and the positive atmosphere on the market.
Dogecoin Foundation: Work on Dogebox Continues
The Dogecoin Foundation announced to the community the Dogebox project, which they are currently working on intensively. Dogebox aims to provide a solution that will help users run their own Dogecoin nodes. Additionally, this project will allow DOGE to be more widely accepted and allow users to build their own solutions on the Dogecoin blockchain.
The foundation also stated that they are working on the infrastructure that supports Dogecoin. The Dogecoin Foundation aims to make interaction with DOGE even easier by drawing attention to projects such as libdogecoin and Gigawallet among its projects. The foundation emphasized that Dogecoin initially emerged as a joke, but over time it became a real public currency with voluntary contributions from the crypto community. The foundation also stated that DOGE is a project shaped entirely by the community, with no pre-allocation or public offering.
Interesting DOGE Comment from Justin Sun
Tron founder Justin Sun, as someone who witnessed the early activities of the Dogecoin community, made an interesting comment about a recent DOGE development. Sun expressed his surprise about the recent events surrounding Elon Musk and DOGE. In particular, he expressed great surprise when a new US government department led by Musk was renamed D.O.G.E. (Department of Government Efficiency). According to Sun, this development "felt like living in a giant simulation." He also emphasized that such theories could get even more interesting by saying, "Nothing is impossible!"
DOGE Price Soars: Market Value Reaches $63.5 Billion
Dogecoin saw a dramatic price increase during the day, hitting $0.43. This increase brought Dogecoin’s market cap to around $63.5 billion. This made Dogecoin the sixth largest cryptocurrency by market cap. The market cap, which was around $16 billion a month ago, gained momentum with this rapid increase.
Elon Musk and the Rise of Dogecoin
Experts believe that the increase in the value of Dogecoin may be related to Tesla CEO Elon Musk joining the upcoming Trump administration. Analysts state that Musk’s active participation in political campaigns and his support for former President Donald Trump may have increased interest in DOGE. According to Kriptokoin.com, Musk had pledged to make a major contribution to support Trump’s re-election efforts. Musk announced that he would donate $1 million every day until the election. LVRG Research director Nick Ruck associates the increase in the price of DOGE with speculation about Musk’s role in the new administration. This situation increases the popularity of Dogecoin and creates great excitement among investors.
As a result, Dogecoin has achieved a significant uptrend with the support of Elon Musk and the great movement in the crypto world. The projects of the Dogecoin Foundation and the comments of Justin Sun may herald exciting developments for the future of the DOGE ecosystem.