Dogecoin has had a knockout year, from smashing a three-year record price to becoming the namesake of the newly elected Donald *****’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!”
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 ***** 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.