Dogecoin Price Looks Bright with CleanCore's Investment

In the latest development, CleanCore Solutions has splashed out $68 million on 285,420,000 DOGE, launching its Official Dogecoin Treasury. This move has catapulted the Dogecoin price into a positive trajectory, with analysts speculating that a sustained bull run may be on the horizon for the largest meme coin.

CleanCore Solutions Buys 285M DOGE

Building on its DOGE Treasury strategy , CleanCore Solutions purchased $68 million worth of tokens. Following this investment, the company now controls the largest Dogecoin Treasury by volume. It also announced the potential purchase of up to 1 billion tokens within 30 days.

Commenting on their strategy, CleanCore CIO Marco Margiotta noted,

“ZONE’s treasury was created to capture the value of Dogecoin’s ability to serve as the people’s currency. Our—strategy is aligned with the forward-looking vision of House of Doge, where increased utility is expected to translate into broader adoption—more in demand as a global digital asset.”

Next Target at $1.2

In response to the Treasury strategy, the memecoin is exhibiting a significant rebound, with its price now hovering around $0.2361, up 2.2%. Despite a monthly dip of 2.3%, the Dogecoin price has seen a remarkable surge of 10.5% over the past week.

The 24-hour trading volume is also high at $3.66 billion, marking an uptick of 40%. This indicates that traders are showing increased interest in the meme coin following its institutional adoption. Boasting a market cap of $35.58 billion, DOGE is the largest meme coin and the 8th largest cryptocurrency on CoinMarketCap.

Driven by this positive momentum and increased adoption, analysts and market experts remain optimistic about the memecoin’s potential bull run. For instance, analyst Cryptollica predicts that the price is poised to hit $1.2 in the near term, with the meme coin expected to lead the charge in this altcoin rally. As CoinGape reported recently, the crypto market is bracing for a major turnaround as the altcoin season is set to kick off , even as September's traditional 'Redtember' bearish trend looms.

Another prominent analyst, Trader Tardigrade, identified the formation of a Bull Flag pattern on the DOGE chart. According to his analysis, a breakout is imminent, and the meme coin is projected to hit $0.95 in September.