Introducing the Official Dogecoin Reserve

Doge House, the newly established commercial arm of the Dogecoin Foundation, has launched an official Dogecoin Reserve.

House of Doge, the newly established commercial arm of the Dogecoin Foundation, has launched an official Dogecoin Reserve and bought the first 10 million $.

"Announcing the official Dogecoin reserve! 🐶 As part of its broader goal to make Dogecoin a preferred cryptocurrency for daily use, Doge House is establishing a Dogecoin reserve and has purchased the first 10 million $DOGE.

Doge House is highlighting the speed and efficiency of Dogecoin transactions as a key factor in expanding its adoption for daily use.

"We are addressing a common barrier to cryptocurrency adoption: slow transaction confirmation times," said Michael Galloro, elected member of the Doge House board of directors. "By maintaining a reserve, we can bridge the gap between transaction processing times and real-world utility, making Dogecoin extremely convenient for daily purchases."

The organization aims to facilitate instant and smooth Dogecoin transactions, enabling merchants to process payments with speed and reliability comparable to traditional financial systems. Interestingly, the average Doge transaction processing time is already around one minute, making it a competitive option for daily transactions.

Dogecoin: A Transaction Currency

The reserve will also help make Dogecoin more appealing to businesses with its lower transaction fees compared to conventional payment methods. According to BitInfoCharts, the current average transaction fees are 0.341 DOGE (0.063 $), significantly lower than bank and credit card fees.

Dogecoin is money 🐶

Transaction fees are lower than bank and credit card fees. According to BitInfoCharts, the average transaction fee is 0.341 DOGE, which is $0.063 at press time.

Doge House also highlighted the token's inflationary supply model as an advantage for its utility as a transaction currency. Unlike Bitcoin's fixed supply of 21 million coins, Dogecoin adds about 5.2 billion new tokens into circulation annually, ensuring a constant flow of liquidity.

"With a strategic reserve and a token designed for efficient transactions and low fees, Doge House is laying the groundwork for a payment ecosystem that ensures liquidity, stability, and reliability," Galloro concluded.

This initiative aligns with Doge House's broader vision of making "Dogecoin the people's currency!" accessible to everyone as a truly decentralized currency. In the future, Doge House plans to announce its first strategic partnerships, focusing on demonstrating scalability and real-world payment applications of the token.

The market has already responded positively to this announcement. The price of DOGE has surged by 8.2%, reaching 0.19 $ at the time of publication. Additionally, its transaction volume has seen a sharp increase of 142.8%, indicating increased trader activity.

With this Official Dogecoin Reserve, Doge House is setting the stage for a payment ecosystem that could potentially make Dogecoin a viable everyday payment option accessible to all. Especially since DOGE has always been rumored to be a currency used by Elon Musk on X or via Tesla. This appeal is not new.

The 50-day moving average resistance at 0.21 cents is the next target for DOGE. If broken, the memecoin could reach the 100-day moving average at 0.27 cents, equating to a 35 to 47% increase. In the 3H timeframe, the CMF and RSI show a real interest in DOGE. The coming days are likely to be green for the original memecoin.