Right this moment marks a historic milestone for Dogecoin as REX-Osprey debuts the primary U.S. Dogecoin ETF below the ticker “DOJE” on September eleventh. This launch represents a big legitimization of what began as a meme cryptocurrency, bringing institutional-grade funding entry to retail {and professional} traders who beforehand needed to navigate cryptocurrency exchanges to achieve publicity to DOGE.
The ETF launch has already catalyzed important worth motion, with Dogecoin main market positive aspects and breaking out of a technical pennant sample. Merchants are eyeing a possible transfer towards $0.28 because the ETF is anticipated to create structural liquidity for DOGE, much like how Bitcoin ETFs reworked that market earlier. The launch comes at a time when DOGE has retaken its bullish trendline from June lows and crossed above the Ichimoku cloud, suggesting robust technical momentum.
Market members are notably watching whether or not DOGE can maintain closes above $0.245 to validate the breakout towards increased targets. The ETF is anticipated to drive whale accumulation and heightened derivatives exercise, doubtlessly creating elevated volatility across the launch interval. This growth may mark a turning level for meme coin acceptance in conventional monetary markets.
This text is for informational functions solely and doesn’t represent monetary recommendation. Please conduct your personal analysis earlier than making any funding choices.
Be happy to “borrow” this text — simply don’t overlook to hyperlink again to the unique.
Editor-in-Chief / Coin Push Dean is a crypto fanatic based mostly in Amsterdam, the place he follows each twist and switch on the planet of cryptocurrencies and Web3.
