There are some strong signs of the start of the altseason, where altcoins outperform Bitcoin.
Dogecoin DOGE $0.12 24h volatility: 0.2% Market cap: $20.93 B Vol. 24h: $348.47 M is consistently taking steps to evolve from a just-another meme coin into a blockchain with real utility. The ecosystem’s application layer, DogeOS, has recently submitted a proposal to introduce a new opcode allowing the network to verify zero-knowledge proofs (ZKPs) natively.
The proposal suggests transforming an unused portion of Dogecoin’s script system into a tool for verifying Groth16 proofs. This would enable Dogecoin to support rollups and smart contracts without sacrificing its speed or simplicity.
Unlike Ethereum’s computation-heavy approach, Dogecoin would maintain off-chain computation while verifying proofs on-chain, ensuring older nodes remain compatible without unexpected forks or virtual machine bloat.
🐕 MUCH WOW!
DogeOS just submitted a massive upgrade proposal to Dogecoin Core!
Zero-knowledge proofs coming to DOGE = DeFi apps, games, and SO MUCH MORE while keeping our legendary security intact!
This is HUGE for the doge army!
Such innovation! Very exciting! 🚀 pic.twitter.com/aggx3Cj9iu
— DogeOS (@DogeOS) July 22, 2025
Notably, DogeOS has also announced development of an EVM-compatible zkVM to run Ethereum-native apps directly on Dogecoin infrastructure.
The move comes amid rising institutional interest in DOGE, signaling a push toward ecosystem maturity for the meme coin. Bit Origin recently announced that it has secured over $500 million in funding to build a Dogecoin treasury.
DOGE Price Holding Support Amid 70% Monthly Surge
At the time of writing, DOGE is trading near $0.2619, flat on the day amid a stable momentum in the overall crypto market. However, it maintains a strong 70% gain over the past month, adding over $16 billion in market capitalization.
On the daily timeframe, Dogecoin recently broke out of a year-long falling wedge, a bullish reversal pattern. Analysts believe that if the $0.263 support holds, DOGE could target the $0.40–$0.60 range in the near term.
DOGE daily chart with falling wedge pattern | Source: TradingView
On the 4-hour chart, DOGE is currently trading near the middle Bollinger Band with band tightening, indicating potential for a sharp move. If DOGE holds above the $0.260–$0.263 support zone, a bounce toward the upper band near $0.282 could follow.
DOGE 4-hour chart with RSI and Bollinger Bands | Source: TradingView
The RSI has dipped from overbought levels, suggesting the rally is cooling but not yet reversing. However, a break below $0.260 could expose DOGE, which is one of the top meme coins, to a correction toward $0.245 before bulls attempt a reclaim.
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