Doge Price could see impressive growth if Elon Musk exploits the Dogecoin blockchain for American cash transactions.
Billionaire Elon Musk suggested moving American cash transactions on blockchain technology, and this idea sparked a discussion between the blockchain community and in government circles.
Could DOGE consider Dogecoin?
This is part of the efforts of the CEO of Tesla to reduce the government expenses Through its agency of the Ministry of Effectiveness of the Government (DOGE). However, the suggestion encountered mixed feelings.
His idea came after the businessman Mario Nawfal asked on X if the treasure should adopt the blockchain in response to allegations of fraudulent payments. Musk answered in favor of The proposal, triggering speculation on the blockchain could be taken into account if Doge passes it.
Yes!
– Elon Musk (@elonmusk) February 2, 2025
The reports indicate that Musk’s favorite crypto project could be a potential candidate. A February 2 report De Forbes called the “pet project” of Dogecoin, essentially mentioning it as a possible option.
In addition, last week, a Tesla fan account and a Dogecoin enthusiast suggested This treatment Treasury payments by Dogecoin would increase transparency.
The previous comments of Musk also added to speculation. In August 2022, the billionaire The efficiency of leased dogecoinAffirming that he has managed transactions better than Bitcoin. He also criticized Bitcoin energy consumption, arguing that Dogecoin was a more practical alternative.
This has strengthened speculation that Dogecoin could be a possible candidate for Elon Musk goes ahead with the plan. In addition, DOGE taking advantage of the Dogecoin blockchain to improve efficiency very frankly to be poetic.
DOGE Prix if the American Treasury used DOGECOIN Blockchain
For the context, The American Treasury treats approximately 5 billions of dollars per year in government payments, translated At nearly $ 411 billion per month and around $ 13.7 billion per day. If Dogecoin deals with these transactions, he could massively impact Its price.
However, the extent of such a prospective impact is not clear. Consequently, we asked for the opinion of IA Chatbot chatpppt. The Openai project has analyzed the scenario and described potential price changes according to different results on the market.
Chatgpt rightly explained that the adoption of the government would probably increase the request for Dogecoin. Other institutions could invest in Dogecoin, increasing its liquidity and its long -term stability.
With Dogecoin, which is currently exchanging with $ 0.2566, the management of treasury payments could push its much higher market capitalization. Chatgpt proposed that if only 5% of the 5 billions of dollars in transactions had taken place in Dogecon at any time, market capitalization could increase around $ 250 billion.
The chatbot estimated three possible price scenarios based on different adoption levels. First, in a moderate growth scenario, if Cap Increase of 5 times, its price could reach $ 1.28.
However, Chatgpt also suggested that if the adoption had increased above an extreme growth environment and market capitalization increased 10 times, Dogecoin could increase to $ 2.56. Meanwhile, in a highly speculative scenario, if the media was led by mass investments similar to previous crypto projects, the price could exceed $ 5.00.
Despite these projections, the challenges could prevent Dogecoin from reaching these price levels. Chatgpt warned that high transactions volumes could expose ineffectiveness in the Dogecoin blockchain.
In addition to this, government regulations could also limit its involvement in treasury transactions. In addition, the unlimited supply of Dogecoin could dilute the price gains unless demand constantly exceeds the show. However, these projections remain very speculative.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.
