Elon Musk continues to post Doge memes on X and spike its price.
Dogecoin Foundation introduces Dogebox to accelerate the mass adoption of DOGE for everyday payments.
Elon Musk’s tweets on Dogecoin combined with new developments from the Dogecoin Foundation are the two major reasons why Dogecoin is making waves in the market recently. While Musk has been a loyal proponent of this meme token, the Dogecoin foundation is set to bring mass adoption for DOGE with developments such as Dogebox.
Tesla CEO Musk is known for his unwavering support of Dogecoin and is often called the “Father of Doge” or “The Dogefather.” His tweets about DOGE have always had a positive influence on its market performance. Recently, Musk tweeted another meme, depicting Doge coming over the planet, captioning “@DOGE is inevitable.”
Elon Musk literally named a government department ’DOGE’ so he can shitpost about it again whenever he wants without getting in trouble Fucking legend! https://t.co/PWKOf83IpF
— Sir Doge of the Coin (@dogeofficialceo) November 25, 2024
Crypto enthusiasts are wondering whether Musk is referring to Dogecoin or DOGE (Department of Government Efficiency). The fact that President-elect Donald Trump appointed Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency has been circling since the announcement. Nonetheless, $DOGE experienced a short price spike after Elon Musk’s tweet. And, this is not the first time Dogecoin’s price has increased after Musk’s posts on X.com.
Dogecoin Foundation Announced Dogebox Decentralized Infrastructure System
The Dogecoin Foundation is a non-profit organization that has been building open-source projects for the Dogecoin Ecosystem, and currently employs a number of full time developers to work across a range of projects for the benefit of the Dogecoin community.Our aim since 2021…
— Dogecoin Foundation (@DogecoinFdn) November 24, 2024
Dogecoin Foundation recently posted on X elaborating on their plans to continue the open-source work they’ve been doing. Also, the post mentioned the new Dogebox Decentralized Infrastructure System and its development across many projects.
Dogebox plays a critical role and acts as a vehicle to onboard the first million grass-roots retailers to accept $DOGE payments. This new development allows businesses to accept Dogecoin as a direct payment layer, opening doors to mass adoption.
Dogecoin Foundation revealed its mission to increase Dogecoin adoption as a useful currency for everyday payments on the post. Also, they mentioned that Vitalik Buterin funded a generous amount to the Dogecoin Foundation along with another anonymous Dogecoin fan to support new developments.
Efforts of the Dogecoin Foundation with its new developments combined with the support from popular influential figures such as Elon Musk, Dogecoin is all set to reach new highs and acquire mass adoption.
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