DOGE analysts highlighted the potential of a price surge to $1 and beyond, fueled by the launch of the first Dogecoin ETF in the United States. Key takeaways: Dogecoin shifts from a memecoin to a mainstream asset with REX-Osprey’s Dogecoin ETF launch. DOGE price bullish megaphone pattern targets $1.40. Read more
DOGE’s price technicals and on-chain data suggest the bull market is not finished, strengthening the case for a move toward $0.60. Key takeaways: Dogecoin has broken out of a multimonth symmetrical triangle. Trading volumes tripled during the breakout, signaling strong bullish momentum. Read more
Dogecoin gained around 4% to reach $0.26 despite Bloomberg’s Eric Balchunas reporting that the first US DOGE ETF faces another delay. Dogecoin’s price rose Friday even as the launch of a US exchange-traded fund (ETF) tied to the memecoin was delayed again, according to a Bloomberg analyst. According to CoinMarketCap data, Dogecoin (DOGE) increased by nearly 4% over the last 24 hours — reaching $0.2603 at the time of writing. The rise comes despite Bloomberg’s senior ETF analyst Eric Balchunas saying Thursday that the launch of a US DOGE ETF is delayed again. According to a Sept. 8 US Securities and Exchange Commission (SEC) filing, the Rex-Osprey DOGE ETF (DOJE) was expected to list alongside Bonk (BONK), XRP (XRP), Bitcoin (BTC) and Trump Official (TRUMP) ETFs on Friday, Sept. 12. Still, Balchunas suggested that the listing is delayed until the middle of next week, likely Thursday. Read more
The first US Dogecoin ETF sparks debate over whether it’s a milestone for adoption or the institutionalization of speculation. The first US Dogecoin (DOGE) exchange-traded fund (ETF) is set to launch Thursday, dividing industry voices between those calling it a breakthrough for crypto’s community-driven legitimacy and those dismissing it as speculation in a new wrapper. Unlike Bitcoin ETFs approved under the Securities Act of 1933, the Rex-Osprey Dogecoin ETF (DOJE) won approval under the Investment Company Act of 1940, a framework typically used for mutual funds and diversified ETFs. BlackRock’s spot crypto fund, for instance, simply holds Bitcoin (BTC) in Coinbase custody. DOJE instead gains exposure through a Cayman Islands subsidiary and derivatives since the 1940 act requires diversification and restricts single-asset concentration. Read more