- Mishaboar calls on Phantom Wallet to support Dogecoin, citing its technical compatibility with Bitcoin and potential for broader ecosystem integration.
- Dogecoin-Solana integration could enhance transactions, expand DeFi use cases, and foster innovative cross-chain applications for both communities.
- Dogecoin’s bullish momentum and upcoming initiatives, like a potential DOGE ETF, signal growth opportunities and increased market adoption.
A prominent figure in the Dogecoin (DOGE) community, Mishaboar has appealed to Phantom Wallet, a Solana-based cryptocurrency wallet to incorporate support for Dogecoin. This was in a post made recently on X, in which he confesses to having been served well by Phantom Wallet services while urging for wider support.
Phantom Wallet already supports non-native Bitcoin (BTC), which Mishaboar highlighted as a basis for his appeal. Since both exist based on the PoW model and may share other resemblances, he noted that Dogecoin could be implemented as well.
While waiting for Phantom Wallet to address the aforementioned request, the result might be positive in terms of cross-chain functionality between DOGE and SOL ecosystems to the potential benefit of each community.
Potential Benefits of Dogecoin-Solana Integration
The integration of Dogecoin into Phantom Wallet could introduce significant opportunities for both blockchains. Solana’s well-known low transaction costs and high-speed network could offer Dogecoin users a faster and more cost-effective transaction experience if DOGE were facilitated through Solana’s infrastructure.
Additionally, the move could extend Dogecoin’s use case within Decentralized Finance (DeFi) and provide DOGE holders with access to a broader range of Solana-powered non-fungible tokens (NFTs). Developers might also explore new cross-chain applications and innovative projects that bridge the capabilities of the two blockchains, fostering greater collaboration between their respective communities.
Such developments could catalyze increased adoption of Dogecoin and strengthen its position in the broader cryptocurrency market.
DOGE Price Performance and Future Prospects
Indeed, Dogecoin’s value has been rising lately with the token priced at $0.4617 at the time of writing this piece, up by 5.62% in the last 24 hours. The bulls have come in to strengthen this particular momentum and experts opined that if sustained, it could lead to more price hikes.
Dogecoin Foundation also has the following activities for the year 2025, the creation of a Joint Doge Token, listed on an exchange, and an option for creating a DOGE exchange-traded fund (ETF). All these drive the need to establish increased adoption and diversification of the use of Dogecoin hence driving more growth of the prices in the long run.
The technical analysis also points to a potential bull run for Dogecoin. By December 5, the MACD crossed above the zero line and both the MACD line and the signal line were trending up suggesting that the asset had shifted in an upward direction, The RSI however was 61, suggesting that the asset was slightly overbought but not significantly. These metrics suggest room for further growth without immediate risk of correction.
The appeal to Phantom Wallet and the potential for broader integration signify a promising development for Dogecoin’s community and market presence. The coming months will determine if this appeal translates into actionable support and its resulting impact on Dogecoin’s ecosystem.
