Leading Dogecoin wallet MyDoge CEO revealed on Wednesday that ‘DogeOS’ launch remains imminent, sparking significant market discussions across the industry. The CEO, Jordan, revealed via a social media post that the new app layer launch aims to empower the next generation of Web3 users, in turn garnering market attention to the meme cryptocurrency. Meanwhile, DOGE rode bullish waves in the market, with the abovementioned development bringing additional investor enthusiasm to the coin’s future movements.
Dogecoin Wallet To Introduce DogeOS App Layer Soon
MyDoge CEO Jordan reposted an X post on November 13, revealing that ‘DogeOS, the app layer for Dogecoin,’ will be launching shortly ahead. As per the X post, the new endeavor zeroes in on making Web3 more fun with games, apps, and more developmental movers in the pipeline. With the aim of inspiring the next gen of Web3 users, the team eyes the launch shortly ahead. This development has in turn garnered significant attention toward the dog-themed meme crypto amid a bullish market.
Notably, DOGE mirrors immense market optimism across the broader industry following Donald Trump’s reelection to the White House. Moreover, with Trump recently appointing Elon Musk & Vivek Ramaswamy as the head of D.O.G.E. (Department of Government Efficiency), market sentiments orbiting the leading dog-themed meme coin have turned highly bullish.
DOGE Price To The Moon?
With Elon Musk’s D.O.G.E. saga advancing and the DogeOS launch approaching, Dogecoin shines with optimism. Despite DOGE price cracking nearly 9% to $0.3661 today, long-term prospects for the coin remain optimistic. The weekly chart for the crypto shows 76% gains, while the monthly chart indicates gains worth 226%. This broader bullish trajectory has kept investors optimistic despite today’s reversal.
Further, top crypto analyst Ali Martinex recently took to X, revealing that the meme coin’s market is yet to top. Per Martinez, the top occurs when the MVRV crosses 78%. However, with today’s price reversal weighing in, the MVRV has reset to 42.65%. This stat indicates that the token still has potential for significant upside momentum.
Additionally, another renowned analyst KALEO took to X, revealing that the crypto will resume its pump soon. The chop under resistance at the $0.42 level remains brief while the road to $1 prevails, per the analyst. Overall, the current statistics orbiting Dogecoin reflect a highly bullish scenario for the coin’s future, with investors expecting DOGE to the moon.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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