$50 Million Injection: Here’s Why The Dogecoin Price Could See An Explosive Rally

The Dogecoin price has received a major boost following House of Doge’s announcement of its plans to list on the ￰0￱ firm revealed that the deal is backed by $50 million, suggesting it could inject fresh liquidity into the Dogecoin ￰1￱ Sees Fresh $50M Liquidity As House of Doge Secures Nasdaq Listing In a press release, House of Doge announced that it has secured a Nasdaq listing through a merger with Brag House Holdings, a deal backed by over $50 million in investment capital, which is a positive for ￰2￱ House will acquire House of Doge in a reverse takeover transaction, which is subject to approval from both companies’ boards of ￰3￱ Reading: The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year House of Doge, the commercial arm of the Dogecoin Foundation, noted that this proposed merger will advance mainstream Dogecoin adoption and institutionalize the meme coin’s ￰4￱ firm also highlighted how it boasts 837 million DOGE within its framework, representing the largest institutional Dogecoin holdings in the global crypto ￰5￱ of Doge has already built an institutional foundation for the Dogecoin ecosystem through its partnerships with 21Shares, Robinhood, and CleanCore ￰6￱ firm played a key role in helping CleanCore set up its Dogecoin treasury.

Now, the firm is looking to deepen the push for the institutional adoption of DOGE and has secured $50 million to boost the meme coin’s ￰7￱ of Doge revealed that it plans to use this capital to lay the foundation for a “scalable, transparent, and yield-producing Dogecoin economy” for both institutional investors and the DOGE ￰8￱ firm also confirmed that the newly combined entity will hold a “significant amount of Dogecoin within its framework,” indicating that some of the capital it secured will be used to purchase ￰9￱ For A DOGE Rally The House of Doge’s proposed merger could serve as one of the catalysts for an explosive Dogecoin rally to new ￰10￱ firm has outlined several ways it plans to boost DOGE’s institutional adoption, which could spark more institutional inflows into the meme coin’s ￰11￱ Reading: Broadening Wedge Could Send Dogecoin Price Flying, But Watch These Key Factors Notably, this comes amid the imminent launch of the Dogecoin ETFs, which are expected to drive fresh liquidity into ￰12￱ analyst The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year, that the meme coin could rally to as high as $0.6533 even as the institutional catalysts line up for ￰13￱ a technical perspective, the analyst stated that DOGE’s uptrend remains intact and that, as prices hold above a major resistance trendline, the target remains $0.6533.

He added that the uptrend can spark a run of over 200% to reach this ￰14￱ the time of writing, the Dogecoin price is trading at around $0.2, down in the last 24 hours, according to data from ￰15￱ image from Pixabay, chart from ￰16￱