Developer Mini Doge announced the introduction of the Doom video game on Dogecoin (CRYPTO: DOGE), triggering a transaction spike. Analysts expressed optimism about the token’s future performance.

What Happened: Mini Doge, a developer, revealed that as part of the 30th-anniversary celebration of Doom, which debuted in 1993, he launched the game on the Dogecoin blockchain using Inscriptions Technology. The game was developed using the Dogecoin Ordinals protocol (Doginals) and can be played on computers or mobile phones.

BitInfoCharts data indicated Dogecoin transactions experienced a sudden spike, bringing the year-over-year increase to 103.4%. Notably, active addresses (90,668) on Dogecoin also saw a surge in the same period.      

Read Next: Dogecoin Maintains Strong Network Dominance Over Memecoin Rivals: Trader Foresees 'Abundance Of Wealth' For The Patient

Why It Matters: Dogecoin drew further attention when Elon Musk hinted in an interview with Daily Wire editor Ben Shapiro that payments are scheduled to launch later this year on X. There are rumors Dogecoin may be integrated into X’s payment ecosystem.

Musk also discussed the future of X as an everything app, possibly something that PayPal should have been in his opinion.

Despite a recent lull in performance, Dogecoin remained in the news for various positive reasons. Analysts continue to express optimism about the token’s upcoming performance.

Digital Marketing Ninja, TopDoge tweeted, “#Dogecoin was the best performing asset of the 2010’s by far. #Dogecoin will become the best performing asset of the 2020’s and it won’t even be close. Save this tweet.”

Dogecoin channel, Crypto Daily Trade Signals stated on the X platform that this is the best phase for Dogecoin accumulation based on the technical analysis of the token’s chart.

Also Read: EXCLUSIVE: Dogecoin Is About Financial Freedom, Changing The 'System,' Developer Says

Photos: Unsplash, Shutterstock