Here's the latest news about Dogecoin ¹ ² ³:
- *Whale Activity*: Dogecoin whales have been actively accumulating DOGE, with over 800 million DOGE purchased in 48 hours, worth nearly $130 million. A separate transaction of 478 million DOGE, valued at approximately $72.9 million, was also tracked between unidentified wallets.
- *Price Movement*: Dogecoin's price has dipped to $0.1519, down 5.28% in the past 24 hours, and is currently trading at $0.1594, down 3.5% over the past day. Despite this, analysts predict a potential breakout.
- *ETP Launch*: 21Shares is set to launch the first Dogecoin ETP via a partnership with the House of Doge, offering investors exposure to DOGE.
- *ETF Developments*: 21Shares has filed with the US SEC to offer a spot Dogecoin ETF, while Bitwise Asset Management's Dogecoin ETF has moved forward with NYSE Arca filing a 19b-4 proposal.
- *Market Predictions*: Analysts forecast a potential 250% rally for Dogecoin, with some predicting a price surge to $2 soon. Others warn of a possible 59% drop due to technical analysis signals.
- *Adoption*: Elon Musk's statements on Dogecoin have sparked debate, with some investors wondering if the meme coin will be adopted for US plans, while others see it as a valuable long-term diversification asset.
