DOGE News: House of Doge Launches Major Reserve to Boost Mainstream Adoption

In a significant move aimed at accelerating the adoption of Dogecoin (DOGE) for everyday purchases, the House of Doge has announced the launch of a substantial reserve of the cryptocurrency.

House of Doge Launches 10 Million Dogecoin Reserve for Mainstream Payment Adoption

The House of Doge has launched a reserve with an initial purchase of 10 million Dogecoin (DOGE), valued at approximately $1.8 million. The primary objective of the reserve is to tackle slow transaction confirmation times, making Dogecoin practical for everyday purchases. Michael Galloro, a member of the Board-Elect of the House of Doge, stated that maintaining a reserve can bridge the gap between transaction processing times and real-world usability.

AI Predicts DOGE Price For March 31st, 2025

Dogecoin is one of the leading crypto meme tokens. The token has a large community and has gained momentum in the ETF domain as several companies have filed for a DOGE ETF with the US SEC. Dogecoin’s close association with Elon Musk often leads to sudden price fluctuations. Currently trading at $0.18, up 4% in the last 24 hours, Dogecoin’s mainstream presence is bolstered by the ETF applications.

Dogecoin (DOGE) Price Surges Over 7%

DOGE’s price surged by over 7% in the past 24 hours. The rally could be attributed to the establishment of “The Official Dogecoin Reserve” by House of Doge, which signed a five-year partnership with the Dogecoin Foundation to become its official commercialization partner. They have jointly purchased 10 million Dogecoin to strengthen the new initiative, aiming to make Dogecoin a widely accepted, decentralized currency for everyday transactions.