Could Dogecoin Reach $1 by 2025? Here’s What Might Propel It
The Dogecoin (DOGE) market witnessed several roadblocks after its latest rally. The asset surged to a high of $0.4775 earlier this month, which further led to the community betting on DOGE reaching $0.50 or more.
But now, Dogecoin was taking a backseat. The foundation behind the meme coin could be trying to boost the price of the asset.
Dogecoin Foundation Seeks Donors, Here’s Why
To expand the community through further network development, the Dogecoin Foundation has requested an undisclosed sum.
According to the Dogecoin Foundation’s X post during the weekend, developers are looking for a few significant sponsors in 2025.
This is to aid finance initiatives to promote widespread adoption. The funds will reportedly be used to develop Dogebox. This is a decentralized payment system designed to empower small and medium-sized enterprises.
The Dogecoin Foundation said,
“Going into 2025 the Dogecoin Foundation is seeking to continue the open-source work we’ve been doing, especially through the new Dogebox Decentralized Infrastructure System which is the culmination of development across many projects, and the vehicle we envisage for on-boarding the first million grass-roots retailers to accept Dogecoin as a direct payment layer.“
