Dogecoin has lately been experiencing a major price slump. Token’s price is stuck at $0.20-$0.25 levels, and it has yet to show its true potential. Dogecoin Treasury is a newly formed company, which has been backed up by Trump Jr. Thumbzup Media. It now considers adding DOGE payment in their app. The use case could spark a Dogecoin market rally.
Also Read: Dogecoin Would Have Nearly Doubled Your Money In 1 Year
DOGE Rewards Are Coming
Publicly traded Bitcoin and Dogecoin firm Thumbzup Media is actively exploring integrating Dogecoin rewards as an alternate payout mechanism for the users in its app.
“Thumzup is actively exploring and developing the integration of Dogecoin. As an alternate payout mechanism for users of the Thumzup app. Dogecoin’s speed, low fees, and community appeal make it a natural fit for Thumzup’s reward ecosystem.”
Stating the reason behind this move, the company shared how it believes adding DOGE payments could strengthen its reward structure, reducing payment friction at the same time.
“Thumzup,” or the “Company” (Nasdaq: TZUP), a digital asset accumulator and advertising industry disruptor. Today announced it was actively exploring and developing integration with Dogecoin. Users of the Thumzup App can use Dogecoin as an alternative payout method. This initiative, according to the company, could improve its reward infrastructure. Payment friction will be reduced, as well as the ability to expand its creator monetization across more geographies.”
Users will be able to earn DOGE Rewards for advertisers’ content across the app. The firm shared how this integration may allow the app to bypass “Reduce transaction costs with traditional banking systems, and allow for near instant settlement of micro-payments.”
“Dogecoin is a crucial next step for us in creating a system that can be scaled. Low-friction rewards engine,” said Robert Steele, Chief Executive Officer of Thumzup. “If successful, this change could improve our unit economics and increase appeal to a broader, crypto-friendly creator base.” The press release stated.
Can This Help With The Token-Moon?
Dogecoin being used as a mainstream reward option may play a major role in helping Dogecoin improve its price prospects. According to ChatGPT, the tokens’ widespread adoption through Thumbzup Media app integration may help Doge to hit $0.27 in a short-term price scenario.
In a midterm prospect, where Thumbzup manages to roll out this integration, the dogecoin price may hit $0.36 per GPT.
In a bullish case scenario, the token may explore $0.40 to $0.60 price levels if Doge gets a successful adoption across the board through these rewards.
However, these prices are pure speculation and are subject to change, as crypto markets are generally volatile, and there’s no correct way to predict future prices of the assets. It is advisable to do one’s own research before making any investment-related decisions.
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Source: watcher.guru
