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Dogecoin Price Prediction: Can It Become People’s “Currency” After Ethereum Co-Founder Helps Out?

Dogecoin is doing major upgrades to its system with the help of Ethereum’s co-founder Vitalik Buterin. The Dogecoin Foundation also shared their network trail map to help interested fans get an idea of ​​what to expect in the next few months.

The Dogecoin hype is far from over, and in fact, programmers are preparing for the next big surge. The organization is currently building proof-of-stake (PoS) capabilities on the Dogecoin network that could bolster the community’s staking trends.

Dogecoin Price: A value similar to Ethereum

For reference, Dogecoin started as a cryptocurrency joke that was heavily inspired by the decades-old Doge meme. Thanks to the massive support of its fans, however, Dogecoin has become one of the fastest growing cryptocurrencies in the industry.

However, be warned that Dogecoin is also notorious for its volatile market. The developers are working hard to fix these issues which led them to adopt the PoS system for Dogecoin.

The Dogecoin Foundation announced this system upgrade on December 23rd via Twitter. They unveiled the Dogecoin “Trailmap” detailing the proposed direction for the Blockchain and Dogecoin ecosystem.

The first part of the #Trailmap of the #Dogecoin Foundation is ready. There’s more to come!

– Dogecoin Foundation (@DogecoinFdn) December 23, 2021

Dogecoin Price Prediction: Project Trailmap

The Dogecoin Foundation emphasized that they will be using “trailmap” instead of “roadmap” for Dogecoin. This is because a roadmap implies rigid progress led by a single company.

In stark contrast, the Dogecoin Foundation described its network as having a strong community focus. They said Dogecoin is a “consensus-based open source project and its direction is shaped by the many individual and organizational contributors to the various Dogecoin blockchain and ecosystem projects”.

The concept emphasized that its community will ultimately shape the Dogecoin economy. Overall, this promotes the idea that Dogecoin is a decentralized project manned by “shepherds, not rulers”.

also read: Bitcoin price prediction 2022: Financial expert warns possible Bitcoin crash to 10,000 US dollars

Dogecoin Price Prediction: Doge Appreciation

Many investors and industries seem interested in this unique direction that Doge is promoting. According to the Dogecoin Foundation, the network is building new partnerships and projects that could help increase utility and acceptance. Remember that the more traction Dogecoin gains, the better the value of the Dogecoin.

The Dogecoin Foundation stated that their network has projects such as:

  • Project: revision & Dogepedia
  • Project: Libdogecoin
  • Project: Dogecoin standard
  • Project: GigaWallet
  • Project: Dogecoin keychain (app / SDK)
  • Project: RadioDoge (Starlink + radio nodes for remote locations)

The Dogecoin Foundation has yet to explain what progress these projects could bring for the network. However, experts said any projects will help lay a solid foundation for Dogecoin.

Dogecoin shows a lot of potential to be people’s currency. Its value is community-based and its benefits are spread across different industries. Be warned, however, that it is difficult to determine whether or not the network would be successful with its long-term plans.

For the time being, readers are advised to take this information with a pinch of salt. Investors are also advised to remain aware of the very volatile markets, especially when trading.

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