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Dogecoin About to Explode? Billionaire Elon Musk Says ‘Its Time’ to Start Using DOGE in Big Way
Dogecoin has had a knockout year, from smashing a three-year record price to becoming the namesake of the newly elected Donald Trump’s initiative, the Department of Government Efficiency (D.O.G.E.)
And now Elon Musk, the world’s richest man, looks determined to take the Shiba Inu-inspired meme coin to the moon. Musk believes that perhaps the time has come to begin using Dogecoin in a big way.
T.I.T.S. University Accepting Dogecoin As Tuition Finally Coming?
Katherine Boyle, General Partner at Andreessen Horowitz, recently revived the idea of starting a new university: Texas Institute of Technology & Science.
Musk commented on Boyle’s post: “Maybe it is time!”
Maybe it is time!
— Elon Musk (@elonmusk) December 28, 2024
As you may recall, in 2021, Musk floated the idea of establishing the Texas Institute of Technology & Science, with the TITS acronym, saying it would have “epic merch.”
Then-MicroStrategy CEO Michael Saylor reacted to the idea, stating: “I hope you teach your students that: Bitcoin Offers Outstanding Benefits, Seriously.” At the time, the self-proclaimed Dogefather claimed that the university would accept Dogecoin solely for tuition and that people who owned pet dogs would receive discounts.
If TITS becomes a reality, it would spur a huge real-life use case for the OG meme coin and propel its mainstream adoption to a whole other level.
DOGE TO $1?
In other related news, President-elect Trump tapped Musk and entrepreneur Vivek Ramaswamy to lead a new U.S. department that shares a name with Dogecoin, much to the excitement of DOGE holders. The Department of Government Efficiency plans to reduce U.S. government spending and streamline regulations.
Meanwhile, Trader Tardigrade, a market pattern analyst, mentioned in an X post that Dogecoin’s Rate of Change (ROC) indicator is signaling a potential parabolic surge in the coming weeks
According to Tardigrade, the present DOGE ROC is similar to the action witnessed weeks before the 2021 historic rally. “If history repeats, a significant surge could be ahead,” the analyst posited.
In other words, DOGE could break the $1 threshold and beyond if the meme coin repeats the 2021 trend.