Dogecoin (DOGE) is experiencing notable developments in both its market performance and broader adoption.

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📈 Market Performance

Dogecoin is currently trading at approximately $0.1762, marking a 0.97% increase over the past 24 hours. The daily trading volume has risen by 4.60%, with nearly $936 million in DOGE exchanged, indicating strong investor interest. Over the past week, DOGE has gained 2.91%, bringing its market capitalization to around $26.27 billion .

Technical analysts observe bullish patterns forming, suggesting potential for further price increases. If DOGE can surpass the key resistance level at $0.20, some forecasts predict a rise to $0.50 in the coming months .

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🏛️ Regulatory Developments

In a significant move, 21Shares has filed for a Dogecoin Exchange-Traded Fund (ETF) on Nasdaq. This ETF aims to provide investors with regulated exposure to DOGE without the need to directly own the cryptocurrency. The U.S. Securities and Exchange Commission (SEC) is currently reviewing this application, with a decision expected by June 15 .

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🚗 Elon Musk and Dogecoin

Recent rumors suggested that Tesla was seeking a new CEO to replace Elon Musk, potentially impacting Dogecoin due to Musk's known support for the cryptocurrency. However, both Musk and Tesla have refuted these claims, and DOGE prices remained stable amid the speculation .

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For real-time updates and further information on Dogecoin's market performance, you can visit CoinMarketCap or CoinGecko.

If you have any specific questions or need more detailed information, feel free to ask!