DOGE: excitement driven by the community and ETF potential
Dogecoin is back in the spotlight, trading at $0.147 after weeks of quiet. It is once again among the most discussed assets on social media, fueled by debates about its utility, unlimited supply, and potential integration with Elon Musk's platform X.
Although Musk has not confirmed the integration of the cryptocurrency into the future peer-to-peer payment system X, Dogecoin fans are keeping a close eye on this. Moreover, with the growing optimism about ETFs, rumors suggest that Dogecoin is among the candidates for approval of spot ETFs.
Bloomberg analyst James Seyfart suggests that approvals are a matter of 'when, not if,' estimating the chances of DOGE at 90% by the end of the year. If the ETF story materializes, the viral DOGE community could quickly amplify profits.