Dogecoin has had a knockout year, going from a three-year high price to becoming the namesake of newly elected Donald Trump’s initiative, the Ministry of Government Effectiveness (DOGE).
And now Elon Musk, the world’s richest man, seems determined to take the Shiba Inu-inspired meme coin to the moon. Musk thinks now may be the right time to start using Dogecoin on a large scale.
Does TITS University accept Dogecoin as tuition?
Katherine Boyle, general partner at Andreessen Horowitz, recently revived the idea of ββcreating a new university: the Texas Institute of Technology & Science.
Musk commented on Boyle’s message: “Maybe it’s time!” Β»
As you may remember, in 2021, Musk launched the idea to create the Texas Institute of Technology & Science, with the acronym TITS, claiming it would have βepic products.β
Michael Saylor, then CEO of MicroStrategy, reacted to the idea by saying: βI hope you teach your students that: Bitcoin offers exceptional advantages, seriously. Β» At the time, the self-proclaimed Dogefather claimed that the university would accept Dogecoin for tuition only and that people with pet dogs would receive discounts.
If TITS becomes a reality, it would spark a huge real-world use case for the OG coin and propel its mainstream adoption to a whole new level.
DOGE AT $1?
Furthermore, President-elect Trump exploited Musk and entrepreneur Vivek Ramaswamy will lead a new US department that shares the name Dogecoin, much to the excitement of DOGE holders. The Department of Government Efficiency plans to cut U.S. government spending and streamline regulations.
Meanwhile, Trader Tardigrade, a market pattern analyst, mentioned in a post that Dogecoin’s Rate of Change (ROC) indicator is signaling a potential parabolic surge in the coming weeks.
According to Tardigrade, the current DOGE ROC is similar to the action seen weeks before the historic 2021 rally. βIf history repeats itself, a significant rise could occur,β the analyst posited.
In other words, DOGE could cross the $1 threshold and beyond if the meme coin repeats the 2021 trend.