Dogecoin Price Plunges 7% Today — Analyst Sees Potential for 37× Surge

Jakarta, Pintu News – The usefulness of Dogecoin received a major boost after the network released the latest update to its ecosystem. Following this update, an expert predicted a potential 37-fold increase in the price of DOGE as bullish fundamentals become stronger.

Then, how is the current Dogecoin price movement?

Dogecoin Price Drops 7.28% in 24 Hours

On October 8, 2025, Dogecoin’s price dropped by 7.28% over the past 24 hours, trading at $0.2448 (approximately IDR 4,062). During this period, DOGE fluctuated between IDR 4,430 and IDR 4,062.

At the time of writing, Dogecoin’s market capitalization is around IDR 615.79 trillion, with a 24-hour trading volume of approximately IDR 65.05 trillion.

Read also: Is Dogecoin Poised for an 82% Breakout? Symmetrical Triangle Pattern Points to a $0.466 Target

Dogecoin Launches Upgrade to Improve Network Efficiency

Dogecoin has just launched Cardinals Index Nodes on its network. This new feature allows anyone to run a node and validate on-chain transactions.

In addition, this update also strengthens Dogecoin’s distributed ledger by providing a faster and more efficient data indexing process. These changes encourage more user participation in the Dogecoin ecosystem.

In addition to expanding decentralization, the Cardinals Index Node also brings significant improvements in data indexing speed, which can now reach up to 500 milliseconds. This innovation has the potential to change the way UTXO-based blockchains manage programming and network functionality.

This update allows for capabilities similar to smart contracts in Bitcoin, without having to rely on external frameworks such as Ethereum’s EVM or Layer 2 extensions. This expands the potential uses of Dogecoin beyond just peer-to-peer payments.

This upgrade continues a series of previous updates. Previously, the Dogecoin team had launched DogeOS, a platform that allows developers to build decentralized applications(dApps) directly on the Dogecoin network.

Dogecoin Network Starts Adopting TEE

DogeOS supports various types of applications, including games and AI-based financial tools. Last July, the DogeOS team also proposed OP_CHECKZKP, a mechanism for introducing zero-knowledge proofs (ZKPs) and zk-rollups. These updates aim to significantly improve the scalability and security of the network.

According to Alex, CTO of MyDoge, the system “adds programming capabilities to thesettlement layer to enable everything that can be done in Web3 and beyond.”

In addition, Dogecoin Foundation engineer Ed Tubbs revealed that the Dogecoin network has also started to adopt Trusted Execution Environment (TEE) support.

TEE is a specialized area in the processor that separates critical tasks from the main system, helping to protect the device from malware and other security threats.

Read also: Ethereum Falls 4% Today (Oct 8) — Is a Move Toward the $6,500 Level Still Possible?

Analysts Predict DOGE Could Rise 37x as Fundamentals Get Stronger

In a recent post on the X platform, crypto analyst Dima Potts mentioned that Dogecoin has historically always experienced a huge spike whenever it manages to break through a major resistance line.

Based on the patterns of the previous cycles – which saw increases of 83x and 183x respectively – Potts predicts that this cycle Dogecoin could potentially experience a more conservative increase of around 37x. Assuming the trend continues, the price of DOGE could reach around $11.71 by the end of 2025.

This bullish sentiment is supported by increasingly strong fundamental growth. One of them is the Rex-Osprey DOJE ETF, which has recorded consistent inflows since its launch, and has now surpassed $20 million – signaling high institutional investor interest, especially from the US market.

In addition, 21Shares also recently listed the Dogecoin ETF (TDOG) on the DTCC platform, which is the first step towards official approval and potential exposure tomainstream markets.

Adding to the positive vibe, recent reports suggest that Alex Spiro, Elon Musk’s lawyer, is leading a $200 million Dogecoin Treasury initiative under the House of Doge project. The program aims to create an official platform for Dogecoin holdings by financial institutions, while strengthening DOGE’s position as a crypto asset with real institutional adoption.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Gets Major Upgrade With Cardinals Index Node Launch, Analyst Predicts 37x Rally. Accessed on October 8, 2025