DOGE Token Climbs 2% as ETF Update and Institutional Interest Boost Market Sentiment

Dogecoin (DOGEUSDT) is trading at $0.16354 on Binance, reflecting a 2.01% increase over the past 24 hours from an open of $0.16032. The recent price uptick is primarily attributed to renewed buying interest following a sharp decline earlier in the week, with DOGE finding key support around $0.158. Additional positive momentum stems from Bitwise Asset Management updating its spot Dogecoin ETF application to include an in-kind creation and redemption process, and the SEC extending its review period, which has heightened institutional interest and contributed to improved sentiment. Despite this recovery, overall market conditions remain volatile, with DOGE’s market capitalization at approximately $24.34 billion and 24-hour trading volume near $387.5 million. The asset is currently ranked #9 by market cap, and while short-term sentiment has improved, broader market uncertainty and increased competition from utility-focused projects continue to influence trading activity.