Dogecoin's Price Upsurge Stalls, Pivotal Trigger for Advance to Monitor
There's an air of optimism surrounding Dogecoin as it edges closer to a potential bull run, with Bit Origin's recent move to establish a Dogecoin treasury being a significant factor. The Singapore-based company, known for its pork processing and Bitcoin mining operations, has raised $500 million to dive into the world of Dogecoin.
Bit Origin's new initiative marks a strategic pivot from traditional cryptocurrency mining, as the company positions itself as a potential first publicly traded company on a major US exchange to hold Dogecoin as a core treasury asset. The company has already acquired over 40 million DOGE tokens, with an average cost of around $0.2466 per DOGE.
The company's CEO, Jinghai Jiang, sees Dogecoin's unique attributes, such as lower transaction fees, faster block times, and an inflationary supply model that supports micropayments and everyday transactions, as key drivers behind this strategic bet. He believes that renewed developer activity and increasing institutional interest in tokenization will help leverage Dogecoin's evolving ecosystem towards decentralized finance (DeFi).
The announcement of Bit Origin's Dogecoin treasury has already had a noticeable impact on the cryptocurrency's price. Dogecoin experienced a price increase, trading around $0.2113 on July 17, 2025, with a 3.2% gain in 24 hours and a 14.9% increase over the prior week. While no direct causal attribution is claimed, Bit Origin's substantial and publicly reported acquisitions could contribute to upward price momentum and improved market confidence given the institutional capital involved.
However, this strategy introduces significant risk and volatility to Bit Origin's balance sheet, given Dogecoin's price fluctuations and its status as a meme-origin crypto. The long-term market impact depends on Dogecoin’s adoption and technological progress, which Bit Origin is betting on to increase utility and valuation.
As of now, Dogecoin's price has gone back to trading around its 20-day moving average at $0.21. Buyers are attempting to initiate a rebound, but there's a possibility they may encounter resistance at $0.26 and $0.29. If there's a decrease in selling pressure, a new bullish phase may begin, with Dogecoin's next target potentially being $0.44.
Meanwhile, the Bitcoin Hyper presale is currently ongoing for a Layer 2 solution for Bitcoin. Participation in the presale can be done via ETH, BNB, USDT, or credit card. As of now, Bitcoin Hyper has a market cap of $438.19 billion, with a 24-hour volatility of 3.2%. Ethereum, on the other hand, has a market cap of $363.52 billion and a 24-hour volatility of 1.9%.
This news article aims to provide a clear and straightforward account of the recent developments in the cryptocurrency market, focusing on the strategic move by Bit Origin to establish a Dogecoin treasury and its potential implications.
Bit Origin's strategic move to establish a Dogecoin treasury, with an aim to hold Dogecoin as a core asset, signifies a shift from traditional cryptocurrency mining towards embracing technology in finance. The company's CEO, Jinghai Jiang, is leveraging Dogecoin's attributes like faster block times, lower fees, and an inflationary supply model for micropayments, to capitalize on renewed developer activity and institutional interest in tokenization, bolstering its bet on decentralized finance (DeFi).
With increased institutional interest in Dogecoin and technological advancements, the long-term success of Bit Origin's strategy hinges on Dogecoin’s adoption, technological progress, and its ability to increase utility and valuation.
