DOGE Upgrade Brings Cardinals Index Node: Could It Push for 3,700% in Gains?

Dogecoin debuted the Cardinals Index Node as speculations of Tesla running a node potentially accelerate DOGE adoption.

Parth Dubey By Parth Dubey Julia Sakovich Editor Julia Sakovich Updated 2 mins read
DOGE Upgrade Brings Cardinals Index Node: Could It Push for 3,700% in Gains?

Key Notes

  • Dogecoin launched the Cardinals Index Node, boosting decentralization and speed.
  • The upgrade adds near smart contract-like functionality to Dogecoin’s main chain.
  • Analyst Dima Potts predicts a 37x (3,700%) rally to $11.71 by late 2025.

The Dogecoin ecosystem took a major leap with the debut of the Cardinals Index Node, a powerful addition that allows anyone to run a full node and validate on-chain transactions.

The new feature enhances the network’s distributed ledger by enabling faster, easier data indexing, with speeds reportedly reaching 500 milliseconds, resulting in a more decentralized, efficient network capable of supporting advanced on-chain activity.

Beyond its speed, the Cardinals Index Node could bring smart contract-like functionality to Dogecoin, similar to what Bitcoin developers have long sought without relying on Ethereum’s EVM or Layer 2 frameworks.

This could open new possibilities for dApps, decentralized finance, and AI-integrated systems directly on Dogecoin’s base layer.

Analysts See Potential 37x Upside

According to crypto analyst Dima Potts, Dogecoin has historically experienced massive rallies each time it has broken above major resistance lines, recording surges of 83x and 183x in previous cycles.

Based on this pattern, Potts predicts a more conservative 37x rally in the current cycle, potentially pushing DOGE to $11.71 by late 2025.

Institutional Adoption

Also, 21Shares has listed its DOGE ETF (TDOG) on the DTCC platform, an early step toward mainstream acceptance.

On top of that, Elon Musk’s lawyer, Alex Spiro, is reportedly leading a $200 million Dogecoin Treasury initiative under the “House of Doge,” which could also serve the role of a node with the Cardinal Index Node launch.

Notably, the Cardinals Index Node launch has sparked speculation that Tesla could soon run a node. The carmaker’s strong history with Dogecoin payments and Musk’s repeated endorsements position Tesla as a participant in Dogecoin’s decentralized infrastructure.

DOGE Price Analysis: Rising Wedge Near Critical Breakout Point

The weekly chart of DOGE/USD shows a rising wedge pattern, a formation that often signals potential bearish reversals after prolonged uptrends or consolidations.

The price is currently oscillating within two converging trendlines, with higher highs and higher lows forming the wedge’s structure.

DOGE weekly price action inside ascending wedge | Source: TradingView

DOGE weekly price action inside ascending wedge | Source: TradingView

Bollinger Bands indicate moderate volatility, with the price hovering close to the upper band at $0.2922, while the middle band (20-week MA) offers support near $0.2195.

A breakout above the wedge could invalidate the bearish outlook and open the path toward a new rally, while a breakdown below the lower trendline might trigger a retest of the lower Bollinger Band at $0.1468.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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