DOGE Developer Slams Media Reports On Dogecoin Foundation
DOGE lead developer Mishaboar reiterated that the Dogecoin Foundation is an independent organization working to develop solutions for the meme coin ecosystem. He emphasized that it is an independent organization working on solutions for the meme coin ecosystem, not an official entity of the cryptocurrency as reported in some media outlets.
Doubling down on the meme coins decentralized nature, Mishaboar stated that it operates on a consensus-based system, meaning there is no single entity in control. This, as per him, distinguishes the OG meme coin from many other popular cryptocurrencies, including Ethereum. He also urged all developers and enthusiasts to contribute to the Dogecoin ecosystem.
All development efforts are welcome but must be inserted in a context where Dogecoin is a decentralized project based on consensus. This is a crucial value which distinguishes the coin from most other popular cryptos. You can build yourself whatever you want, if you want to. Heck, you can create your own foundation.
However, the lead developer insisted that although Dogecoin is a decentralized project, any new developments or initiatives should align with the core values of decentralization and community-driven governance. That said, he encouraged enthusiasts to create their own projects, tools, or services for the meme coin network.
The leading meme coin is making headlines for its unexpected surge in recent weeks. While many altcoins have struggled, Doge has shown remarkable resilience. Technical analysis now suggests that a breakout from a falling wedge pattern could signal a significant price increase.
DOGEs Bullish Outlook
This pattern often indicates a potential reversal from a downtrend. In the case of Dogecoin, the falling wedge has been forming on the daily chart, with the apex of the triangle nearing its completion.
If the token can successfully break out above the upper trendline of the falling wedge, it could signal a strong bullish move. The target for this breakout is $0.15, which represents a significant upside from the current price level. Investors and traders should closely monitor the price action and RSI [Relative Strength Index] to identify potential breakout signals. A combination of a breakout from the falling wedge and a positive RSI reading could strengthen the bullish case for Dogecoin.
Read more: https://www.tronweekly.com/doge-developer-dogecoin-foundation-independent/
Text source: TronWeekly
