Dogecoin has experienced a glorious year, first breaking a three-year high price and then gaining attention due to Trump's proposal for the 'Department of Government Efficiency' (DOGE). Now, the world's richest man, Musk, seems determined to let this meme coin inspired by Shiba Inu soar; he believes that the time for widespread use of Dogecoin may have come.
Will TITS University finally accept Dogecoin as tuition?
Katherine Boyle, a partner at the Andreessen Horowitz fund, recently mentioned the idea of founding a new university again, namely the 'Texas Institute of Technology and Science.'
Musk commented under Boyle's post, meaningfully stating, 'Maybe it's time!' This comment inevitably reminds people of 2021, when Musk proposed the establishment of Texas Institute of Technology and Science (TITS) and boldly claimed that the school would have 'epic products.'
At that time, Michael Saylor, CEO of MicroStrategy, responded by expressing hope that Musk could teach students about the extraordinary benefits of Bitcoin. Musk, who self-proclaims as the 'Dogecoin Godfather,' made a shocking statement, claiming that the school would only accept Dogecoin as a tuition payment method, and students with pet dogs would receive special discounts.
If the concept of TITS can come true, it will undoubtedly open up a whole new world for the practical application of Dogecoin, taking it to a new level in mainstream applications. Does Musk's comment suggest that the establishment of TITS is imminent? Let's wait and see.
Will DOGE rise to $1?
According to reports, newly elected U.S. President Trump has appointed Musk and entrepreneur Vivek Ramaswamy to jointly lead a new government department named after the popular American cryptocurrency Dogecoin - the 'Department of Government Efficiency.' This news has excited Dogecoin holders.
The main goal of the 'Department of Government Efficiency' is to cut government spending and streamline related regulations in order to improve government operational efficiency.
Meanwhile, the Rate of Change (ROC) indicator for Dogecoin is suggesting that this currency may experience a parabolic rise in the coming weeks. The current ROC trend of DOGE is quite similar to the situation a few weeks before the historic rebound in 2021; if history repeats itself, the price of Dogecoin is likely to soar significantly thereafter. In other words, if Dogecoin can continue its upward trend from 2021, its price is expected to break through the important $1 barrier.
The potential of Dogecoin
As a backdrop, the valuation of Dogecoin and Shiba Inu Coin accounts for about 62% of the entire meme coin market value, with Dogecoin in the lead. As the original meme coin, Dogecoin currently has a market value of $46.5 billion, accounting for more than 48% of the meme coin market ($95.54 billion).
