Dogecoin has announced an important technical upgrade that expands its capabilities beyond simple transactions. The Cardinals Index Node is now operational on the network, marking a significant enhancement to the blockchain's functionality. Industry experts have reacted with positive price forecasts using past trends and new underpinnings. The new node infrastructure enables any person to verify transactions on-chain. Indexing of data takes up to 500 milliseconds. This performance improvement empowers UTXO-based blockchains to be programmable without being dependent on external resources. This upgrade does not require any frameworks, such as EVM with Ethereum or Layer 2. Enhanced Infrastructure and Development Tools The Cardinals Index Node augments network decentralization and adds smart contract capabilities. Applications can now be built on the blockchain without third-party infrastructure by developers. This technological development also puts the network as a platform that can support complex applications as opposed to a payment system itself. DogeOS was released earlier this year as a development platform for decentralized applications. The OS helps in the gaming project and AI-based financial applications. In July, engineers introduced the proposal of OP_CHECKZKP to combine zk-rollups with zero-knowledge proofs. MyDoge CTO Alex said that the system ”adds programmability to the settlement layer to enable everything possible in Web3 and more.” Network engineer Ed Tubbs has adopted Trusted Execution Environment support. TEE technology separates the important functionalities among processors. This architecture provides security against software malfunctions and security threats to blockchain systems. Price Predictions Based on Historical Cycles Cryptocurrency analyst Dima Potts used past bull runs to predict the future price direction. The network crossed major resistance trendlines twice before experiencing exponential growth. The initial cycle recorded an 83x rally. The second cycle produced a 183x surge. These breakouts are reflected in current technical patterns. Potts becomes conservative with a projected 37x surge in this cycle. According to the analysis, prices might go to $11.71 by the end of 2025. This forecast explains the maturity of the market and the competition in the cryptocurrency industry. Source: X Bullish Behavior is supported by market fundamentals, rather than relying solely on technical analysis. Since its launch, the Rex-Osprey DOJE ETF has consistently attracted capital inflows. The fund had made more than $20 million under management. This is a sign of a high institutional interest in the U.S. markets. 21Shares added its DOGE ETF to the DTCC platform, with the ticker symbol TDOG. Such a listing is a preliminary step in the regulatory approval process. Mainstream financial institutions may access each other through conventional brokerage routes once approvals are obtained.
