Dogecoin is attracting considerable attention as its price shows signs of a possible breakout.
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The buzz around its potential is fueled by growing speculation that an ETF for the memecoin could be approved soon, which may trigger a sharp price increase. With the broader crypto market hitting a $3.18 trillion value, all eyes are on DOGE to see if it can capitalize on this momentum. Currently, trading near $0.25, analysts believe Dogecoin could be headed for higher ground. Some are even predicting a rise to $4. Key figures in the crypto world, like Trader Tardigrade, are pointing to technical indicators that suggest the price could surge soon.
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Crypto Tony also forecasts that once Dogecoin clears resistance at $0.35, the path may be clear for new all-time highs.
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Cboe Pushes for Ethereum ETF Staking in Landmark SEC Request Further fueling this optimism is the news of Grayscale’s submission to the SEC for approval to launch a Dogecoin ETF, following their launch of the Grayscale Dogecoin Trust. Experts like James Seyffart and Eric Balchunas from Bloomberg believe the SEC could act quickly, with a 75% chance of approval. Additionally, a fresh wave of excitement is building around Dogecoin as Changpeng Zhao (CZ) hints at the potential launch of a dog-themed memecoin, a move that could inspire a new trend and bolster Dogecoin’s presence in the crypto space.
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