Dogecoin Launches Cardinals Index Node, Analysts Predict 37x Price Surge
Dogecoin Ecosystem Update
- The Cardinals Index Node has been introduced, enabling full node operation and on-chain transaction validation for Dogecoin.
- This addition enhances network efficiency and decentralization, with indexing speeds of 500 milliseconds.
- It may bring smart contract functionality without relying on Ethereum or Layer 2 solutions, opening opportunities for dApps and DeFi on Dogecoin.
Analyst Predictions and Institutional Moves
- Analyst Dima Potts forecasts a potential 37x rally for Dogecoin, predicting a price of $11.71 by late 2025.
- 21Shares listed its DOGE ETF (TDOG) on the DTCC platform, indicating growing institutional interest.
- Elon Musk’s lawyer is reportedly leading a $200 million Dogecoin Treasury initiative, potentially involving Tesla in running a Cardinal Index Node.
DOGE Price Analysis
- DOGE/USD is forming a rising wedge pattern, which could indicate a potential bearish reversal.
- Bollinger Bands show moderate volatility with key levels at $0.2922 and $0.2195.
- A breakout above the wedge could lead to a new rally, while a breakdown might target $0.1468.
Maxi Doge Presale Highlights
- Maxi Doge has raised $2.8 million in its presale, attracting attention as a gym-themed meme coin.
- The project offers a 121% annual staking reward and aims to establish a strong market presence.
- Funds are allocated to marketing and liquidity enhancement through the Maxi Fund.