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Dogecoin About To Explode? Billionaire Elon Musk Says ‘Its Time’ To Start Using DOGE In Big Way
By Brenda Ngari – December 29, 2024
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Dogecoin has had an impressive year, breaking a three-year record price and becoming the namesake of the newly established Department of Government Efficiency (D.O.G.E.). It appears that Elon Musk, the world’s richest man, is now keen on taking the Shiba Inu-inspired meme coin to new heights. The billionaire entrepreneur believes it may be time to start using Dogecoin in a significant manner.
Katherine Boyle, General Partner at Andreessen Horowitz, recently revived the idea of establishing a new university: Texas Institute of Technology & Science (TITS). Musk responded with a straightforward “Maybe it is time!” comment on her post.
As you might recall, in 2021, Musk initially proposed setting up the Texas Institute of Technology & Science, which would have had the TITS acronym. In response to his idea at the time, then-MicroStrategy CEO Michael Saylor expressed skepticism, stating: “I hope you teach your students that: Bitcoin Offers Outstanding Benefits, Seriously.” At that moment, the self-proclaimed Dogefather suggested that this hypothetical institution would exclusively accept Dogecoin for tuition and offer discounts for individuals with pet dogs.
If the proposed Texas Institute of Technology & Science comes into being, it could potentially create a substantial real-world use case for Dogecoin and propel its mainstream acceptance to an unprecedented level.
DOGE TO $1?
In other related news, President-elect Trump has chosen Musk to streamline government spending and simplify regulations as part of his newly formed Department of Government Efficiency (D.O.G.E.). Meanwhile, Trader Tardigrade, a market trend analyst, observed in an X post that Dogecoin’s Rate of Change indicator is signaling a potential parabolic surge in the coming weeks. According to Tardigrade, DOGE’s current rate of change is reminiscent of the phenomenon witnessed just before the 2021 historic rally.
“If history repeats itself,” the expert posited, “a significant surge could be impending.” This means that Dogecoin may break the $1 threshold and continue upward if the meme coin follows a similar trajectory to its past performance.
Source: zycrypto.com
