Dogecoin Foundation to Raise Funds to Promote DOGE
Date: 2024-11-26 Author: Henry Casey Categories: CRYPTO PAYMENTS
The organization is actively seeking major sponsors for 2025 to jointly focus on developing open-source tools for decentralized payment systems. According to the foundation, the goal is to return the cryptocurrency to its original purpose - to be free from control and a convenient means of exchange.
The funds raised are planned to be directed to projects within the framework of the “Dogebox Decentralized Infrastructure” initiative. This system involves the integration of Dogecoin into online stores, which, according to the developers, will increase the popularity of the token as a payment instrument.
DOGE showed significant growth during the recent bull rally that began after Donald Trump’s victory in the presidential election. Last week, the price reached $0.48, which was the highest value since June 2021, recording a growth of 184%. If the efforts of the Dogecoin Foundation are successful, the cryptocurrency market may continue its upward movement, and the coin’s value will set new records in 2025.
However, in the short term, experts predict a decrease in the price of DOGE. Today, the token fell below the 23.6% Fibonacci level again, which is due to the previous rapid growth of the asset. With a high probability, the Dogecoin price will continue to fall and reach the support level of $0.36, which corresponds to 38.2% Fibonacci.
