Dogecoin (Dogecoin) is currently very hot, thanks to the hype around ETFs, speculative activities, and new institutional demand. Rumors about the Dogecoin ETF are driving the Dogecoin price close to $1.
Dogecoin is doing what it does best: creating a buzz, stirring the market, and forcing people to take it seriously again. It all started this month with the U.S. Securities and Exchange Commission (SEC). The SEC officially approved 21Shares’ spot ETF application, starting a 240-day countdown that will end in January 2026. Currently, the prediction market estimates a 66% probability that the Dogecoin ETF will be listed in 2025.
Institutional investors are also paying attention to this matter. On the same day the SEC announced its acknowledgment, open futures contracts skyrocketed by 70%, reaching $1.65 billion. Meanwhile, funds like 21Shares and Bitwise are actively promoting ETF trading backed by physical assets, with low fees and strong liquidity.
Meanwhile, the Dogecoin Foundation is continuously building. Its relatively new infrastructure project Dogebox aims to help one million small businesses self-host Dogecoin payments, thereby reaching more users. In the DeFi space, DogeOS has just raised $6.9 million to expand Dogecoin's on-chain applications.
The outlook is undoubtedly bright for Dogecoin and its investors. Over the past two weeks, Dogecoin's price has risen by more than 25%, currently priced at $0.22, with a short to mid-term target price set for December 2024, reaching a high of $0.46. However, if the Dogecoin ETF is approved, the price of Dogecoin could enter a parabolic trend and break through $1.
Dogecoin (Dogecoin) is currently very hot, thanks to the hype around ETFs, speculative activities, and new institutional demand.
Rumors about the Dogecoin ETF are driving the Dogecoin price close to $1.
Dogecoin is doing what it does best: creating a buzz, stirring the market, and forcing people to take it seriously again. It all started this month with the U.S. Securities and Exchange Commission (SEC). The SEC officially approved 21Shares’ spot ETF application, starting a 240-day countdown that will end in January 2026. Currently, the prediction market estimates a 66% probability that the Dogecoin ETF will be listed in 2025.
Institutional investors are also paying attention to this matter. On the same day the SEC announced its acknowledgment, open futures contracts skyrocketed by 70%, reaching $1.65 billion. Meanwhile, funds like 21Shares and Bitwise are actively promoting ETF trading backed by physical assets, with low fees and strong liquidity.
Meanwhile, the Dogecoin Foundation is continuously building. Its relatively new infrastructure project Dogebox aims to help one million small businesses self-host Dogecoin payments, thereby reaching more users. In the DeFi space, DogeOS has just raised $6.9 million to expand Dogecoin's on-chain applications.
The outlook is undoubtedly bright for Dogecoin and its investors. Over the past two weeks, Dogecoin's price has risen by more than 25%, currently priced at $0.22, with a short to mid-term target price set for December 2024, reaching a high of $0.46. However, if the Dogecoin ETF is approved, the price of Dogecoin could enter a parabolic trend and break through $1.