House of Dogecoin Launches $1.8M Reserve to Revolutionize Crypto Payments

The Dogecoin Foundation has officially launched its own reserve, the “Official Dogecoin Reserve”, with a purchase of 10 million DOGE tokens through its corporate wing, House of Doge. The purchase cost the company a hefty $1.8 million. This action comes in a bid to make Dogecoin a popular payment solution by addressing key challenges such as transaction speed and cost. 

Dogecoin Reserve Explained! Ambitions for Further Adoption

The reserve serves as proof of concept to showcase Dogecoin’s capability for seamless and near-instant payments. By maintaining a liquidity pool, this initiative will allow DOGE to boast decreased transaction processing speeds, almost comparable to a traditional credit card transaction. The move is expected to remove delays usually related to blockchain confirmations, making Dogecoin an everyday payment option. To add to that, DOGE’s meager transaction fees also offer a pocket-friendly alternative for businesses compared to the fees levied by traditional banks.

House of Doge has also discussed ambitious plans to drive DOGE adoption. The company is going to announce strategic collaborations in the near future, especially in industries such as government services and mega-events. These partnerships will showcase Dogecoin’s scalability and real-world use cases, including everyday shenanigans like city parking and utility payments. Further programs offering cashbacks and merchant discounts are also in the works to boost adoption rates.

DOGE Eyes To Lead Payments Market

Unlike Bitcoin’s fixed supply system, DOGE’s inflating structure brings approximately 5 billion tokens every year. This ensures good liquidity for any transaction. These efforts establish Dogecoin as a functional currency rather than a demand-based asset. Michael Galloro, one of the members of the House of Doge board, has stated that the reserve is a fundamental step toward building a stable and scalable payment solution. With this initiative, Dogecoin is evolving from its meme origins into a strong contender in the global payments market. As DOGE cements its niche in the cryptocurrency space, let’s quickly take a look at what impact has been observed on the coin itself after these key executive decisions.

DOGE Price Analysis: DOGE Rises Amidst Important Adoption Initiatives

DOGE began yesterday at $0.1725, with a strong buying momentum pushing it up. The buying pressure took DOGE to $0.1747 but failed to push it further as DOGE slid to the $0.1706 support, thanks to a death cross on the MACD. Soon, a golden cross appeared on the MACD, signaling the commencement of an upward trend.

As DOGE began to slowly climb, it was met by short reversals. But the overall uptrend continued as by 12:15 UTC, DOGE was trading at $0.1775. A short dip followed as DOGE consolidated around $0.1765. At 13:40, the moving averages formed a huge golden cross as DOGE spiked upward, reaching $0.1844 after a short reversal and an uptrend by 16:15. However, DOGE found strict resistance at that level. 

Chart 1 – Published on Tradingview, March 25, 2025

As buying pressure decreased, the DOGE price came down as well, as an extended death cross also appeared on the MACD indicator. DOGE eventually found support at $0.1821. For the rest of the day, DOGE continued to exhibit range-bound fluctuations, alternating between the support and the $0.1866. DOGE seemed to be working in a slow uptrend, as of the last update. 

DOGE Price Prediction: Can DOGE break the $0.186 Barrier?

DOGE’s performance has been marked by periods of consolidation followed by periods where the price spikes and establishes new supports. The last 24 hours also spell the same story. Given that, a day of ranges can be on the cards for March 25. As of the last update, DOGE was testing the resistance again. But the signal line also looked to be on the verge of dipping below the long-term EMA, hinting at a price drop. Based on DOGE price predictions, this could also mean that DOGE may drop further to find new support for the coming price movements.