Dogecoin Price to the Moon?

Dogecoin has lately been experiencing a major price slump. The token is yet to showcase its full potential, with its price stuck between price levels ranging from $0.20 to $0.25. However, in a new change of pace, Dogecoin Treasury, a company backed by Trump Jr.’s Thumbzup Media, is now considering adding DOGE reward payments in its app, a use case that could fuel a Dogecoin price rally in the near future.

Also Read: Dogecoin Would Have Nearly Doubled Your Money In 1 Year

DOGE Rewards Are Coming

Source: RedditPublicly traded Bitcoin and Dogecoin firm Thumbzup Media is actively exploring integrating Dogecoin rewards as an alternate payout mechanism for the users in its app.

“Thumzup is actively exploring and developing the integration of Dogecoin. As an alternate payout mechanism for users of the Thumzup app. Dogecoin’s speed, low fees, and community appeal make it a natural fit for Thumzup’s reward ecosystem.”

Stating the reason behind this move, the company shared how it believes adding DOGE payments could strengthen its reward structure, reducing payment friction at the same time.

“Thumzup,” or the “Company” (Nasdaq: TZUP), a digital asset accumulator and advertising industry disruptor. Today announced that it is actively exploring and developing the integration of Dogecoin (DOGE). As an alternate payout mechanism for users of its Thumzup app. The company believes this initiative could strengthen its rewards infrastructure. Reduce payment friction, and support the expansion of its creator monetization model across broader geographies.”

Users will be able to earn DOGE Rewards for advertisers’ content across the app. The firm shared how this integration may allow the app to bypass “traditional banking rails, reduce transaction costs, and enable near-instant settlement of micro-payments across borders.”

“Exploring Dogecoin integration is an important next step in our journey to create a scalable. Low-friction rewards engine,” said Robert Steele, Chief Executive Officer of Thumzup. “If successful, this change could improve our unit economics and increase appeal to a broader, crypto-friendly creator base.” The press release stated.

Will This Help The Token Moon?

Dogecoin being used as a mainstream reward option may play a major role in helping Dogecoin improve its price prospects. According to ChatGPT, the tokens’ widespread adoption through Thumbzup Media app integration may help Doge to hit $0.27 in a short-term price scenario.

In a midterm prospect, where Thumbzup manages to roll out this integration, the dogecoin price may hit $0.36 per GPT.

In a bullish case scenario, the token may explore $0.40 to $0.60 price levels if Doge gets a successful adoption across the board through these rewards.

Source: ChatGPTHowever, these prices are pure speculation and are subject to change, as crypto markets are generally volatile, and there’s no correct way to predict future prices of the assets. It is advisable to do one’s own research before making any investment-related decisions.