Command Dogecoin introduced the Cardinals Index Node update, which is expected to improve decentralization, speed, and data indexing on the DOGE blockchain.
This update will allow any user to run a node to maintain and validate the network’s ledger, helping to create a more distributed network architecture. Cardinals will also add to the mainnet Dogecoin Smart contract-like functionality without the use of the EVM or second-layer systems. This suggests that the developers are trying to expand DOGE’s capabilities, turning it into something more than just token-meme.
Unsurprisingly, the hype and bullish predictions began to emerge before the official launch of the update. Even before the Cardinals’ announcement, analysts were already predicting a rise in DOGE to $0,36 if key resistance levels were broken. There were also bolder predictions that Dogecoin could grow by 3700% and reach almost $12 by the end of 2025.
One cryptanalyst noted that token has already completed a bullish crossover on the MACD. This stands for «moving average convergence/divergence,» a popular tool used by traders to analyze price charts. The last time this happened, the price of Memcoin rose by over 550%. If history repeats itself, thanks to this update Dogecoin may reach $1,54.